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Germany to cut e-car premiums, govt sources say

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Reuters UK

BERLIN (Reuters) -State-funded financial incentives to buy electric cars in Germany will be reduced from next year after an agreement within the governing coalition, people familiar with the discussions told Reuters. The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 2.5 billion euros ($2.53 billion) is spent, according to the government sources. Under the plan, first reported in the Handelsblatt newspaper, premiums for purely electric-powered vehicles priced below 40,000 euros ($40,488) will fall from 6,000 euros currently to 4,500 eur…

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