Germany recently made a move that will ensure greater EV adoption in Germany and sets an example for other nations worldwide. The BDEW, Germany’s energy association, has an electric vehicle incentive package that includes tax credits on EV’s cheaper than €40,000 as well as making all gas stations in Germany install EV chargers. The charging speed and number of stalls required at each gas station is still unknown; however, Germany is making it clear to its citizens and the rest of the world that they are all in on EV adoption.
Although EV’s only accounted for 1.8% of passenger vehicle registrations in Germany, as more German automakers continue to electrify their lineups, German garages will do the same. In the long term, this plan supports German automakers who either are making or will make EVs in the future, but in the short term this plan actually benefits Tesla. This plan benefits Tesla because their Supercharger network in Germany is getting more robust by the day, and they will soon have a factory in Berlin, solidifying them as a true competitor to the likes of Mercedes-Benz, Audi, Volkswagen, and BMW. Currently, there are not many German made EVs and as Tesla increases their presence in Germany, their market share will only go up.
This week, New York State has approved their biggest wind farm ever, a 30,000 acre, $454 million investment that will help propel the state towards green energy. The new wind farm will be located on a 30,000 acre area to the southeast of Buffalo. The new farm will have 116 total turbines and create enough energy to power 134,000 homes. This is a great step towards New York’s goal of being net-zero emissions by 2040.