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EC allocates additional EUR300 million for electric bus and charging infrastructure to Germany [free access]

February 1, 2020

The European Commission (EC) has approved an additional EUR300 million, under the European Union State aid rules, for procurement of electric buses and related recharging infrastructure in Germany. The increase in budget is part of an existing public support scheme for Germany, which now totals EUR650 million. The new aid is valid till the end of 2021. The subsidies will support the procurement of new electric buses and the establishment of charging infrastructure.

 

Germany’s Federal Ministry for the Environment (BMU) manages these subsidies. BMU subsidises up to 80 per cent of the additional costs in the purchase price for an electric bus compared to a diesel model, and 40 per cent of the charging infrastructure cost.

 

In December 2019, BMU approved EUR250 million for 16 projects. Under these projects, around 700 electric buses will be procured.

 

(1 EUR [Euro] = 1.11 USD)