(Source: Volkswagen)
German automobile industry is facing increasingly fierce competition from competitors from China and the United States. It is generally believed that these competitors are one step ahead of Germany in the field of electric vehicles. The collapse of demand caused by the COVID-19 crisis has also dealt a severe blow to the German automobile industry.
The German government has launched a package of support plans for this purpose, the core content of which is to allocate 654.38 billion euros to extend the subsidy plan for consumers to buy electric vehicles, which was originally planned to end next year, to 2025.
According to sources, another 6,543.8+billion euros will be used for scrapping old trucks, thus helping private logistics enterprises and municipal authorities to modernize their fleets. The planned subsidy will be paid when consumers buy new trucks after the old trucks are scrapped. Car owners can also enjoy subsidies when buying new diesel trucks, but consumers can enjoy higher subsidies when buying electric or hydrogen-powered trucks.
In addition, the German government will also set up a fund of 654.38+0 billion euros to provide funds for the innovation and transformation of the German automobile industry.
After the summit between automakers and government ministers to discuss the rescue plan, German Economy Minister Peter? Altmeier said that these measures mean that the German automobile industry will be able to meet the challenges it faces. Environment Minister Svenja? Schultz said: "We should combine the road out of the economic crisis with the road out of the climate crisis."
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.
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