Plan to End E-Vehicle Subsidies Sparks Anger in Germany
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Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#2It's less a plan and more the result of a court case, which forced the government to reduce their budget for the next year.
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#3The auto industry has a huge amount of influence in Germany. Consumers are probably less bothered - all subsidy programs have an end, and people know this. However, the auto industry claiming "woe is us, the economy will crash, because we are so important"? That's the backlash.
Germany has a deficit problem. They are expecting to run a deficit of 4.25% this year, when 3% is the upper limit if there is no emergency. This is partly because the courts have prohibited them from basically stealing 60 billion euros (unneeded emergency Covid funding - no, you can't just add it to the regular budget). It's good to see them tightening their belt. Long-term, one can dream that they might streamline their bureaucracy.
p.s. Since there are lots of USAians here: The USA is running the highest deficits of any developed country (including infamous Japan). See the latest IMF Fiscal Monitor, page 50 (https://www.imf.org/-/media/Files/Publications/fiscal-monito...). Y'all might want to plug that leak...
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#4> Germany's plans to get 15 million electric cars on the road by 2030.
That's such a bad metric. Increasing the number of cars on the road is not good from an environmental perspective. Reducing the number of cars burning fossil fuels is.
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#5> Germany's plans to get 15 million electric cars on the road by 2030. That's such a bad metric. Increasing the number of cars on the road is not good from an environmental perspective. Reducing the number of cars burning fossil fuels is.
> Reducing the number of cars burning fossil fuels is.
Only if it's matched by a sufficient switch to renewables instead of fossil fuel generation.
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#6Yes, end EV subsidies ... as soon as they end oil subsidies.
Deal?
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#7The auto industry has a huge amount of influence in Germany. Consumers are probably less bothered - all subsidy programs have an end, and people know this. However, the auto industry claiming "woe is us, the economy will crash, because we are so important"? That's the backlash. Germany has a deficit problem. They are expecting to run a deficit of 4.25% this year, when 3% is the upper limit if there is no emergency. T…
> Since there are lots of USAians here: The USA is running the highest deficits of any developed country (including infamous Japan). See the latest IMF Fiscal Monitor, page 50 (https://www.imf.org/-/media/Files/Publications/fiscal-monito...). Y'all might want to plug that leak...
And while the USA is attracting a huge amount of investment with their IRA, Germany is losing parts of their industry (chemical industry and other high energy industries investing no longer in Germany) and is also jeopardizing their efforts to attract (for example) chip makers. I am not so sure your analysis is covering all the relevant points.
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#8The auto industry has a huge amount of influence in Germany. Consumers are probably less bothered - all subsidy programs have an end, and people know this. However, the auto industry claiming "woe is us, the economy will crash, because we are so important"? That's the backlash. Germany has a deficit problem. They are expecting to run a deficit of 4.25% this year, when 3% is the upper limit if there is no emergency. T…
Just to add : the 3% limit comes from the Euro ( the currency ) agreement.
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#9> Germany's plans to get 15 million electric cars on the road by 2030. That's such a bad metric. Increasing the number of cars on the road is not good from an environmental perspective. Reducing the number of cars burning fossil fuels is.
> Reducing the number of cars burning fossil fuels is. Only if it's matched by a sufficient switch to renewables instead of fossil fuel generation.
That is not correct. EVs are so much more efficient than ICE vehicles they are still a net win even when powered with "dirty" electricity.
https://www.forbes.com/sites/mikescott/2020/03/30/yes-electr...
Re: Plan to End E-Vehicle Subsidies Sparks Anger in Germany
#10> Germany's plans to get 15 million electric cars on the road by 2030. That's such a bad metric. Increasing the number of cars on the road is not good from an environmental perspective. Reducing the number of cars burning fossil fuels is.
> Reducing the number of cars burning fossil fuels is. Only if it's matched by a sufficient switch to renewables instead of fossil fuel generation.
Excess power is curtailed when there is no demand and power prices go negative (to stop the production). This happens 200M+ times in US, must be the same even in EU grid. EVs can absorb all this excess production. No need to build any net new capacity. And, EVs will accelerate renewables by providing flexible demand, making renewable more profitable.