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IfW laments ‘one-sided incentive policy favoring electric vehicles’

The IfW World Economy Institute Kiel has criticized the German government‘s Covid-19 stimulus package, saying some elements of it are “harmful.” A mid-August IfW analysis titled “Incentive boom thanks to Covid-19?” found that the “one-sided, massive incentivization of all-electric vehicles” is pushing other car markets to the sidelines. Its authors suggest eliminating EUR 4.4 billion from the stimulus package approved on June 3 “without replacing the funds with other incentives.”

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