Rush on a German aid program for the purchase of electrical terminals

Due to the enormous interest and high demand for the financing program "Solar Energy for Electric Cars", the 300 million euro fund granted by the Ministry of Transport for 2023 "is unfortunately exhausted", according to a bank press release sent to AFP.

The offer consisted of individual aid of up to 10.200 euros for the purchase and installation of a charging station associated with a photovoltaic installation and battery storage, from which owners of private homes could benefit on condition whether they own their own electric car or have ordered one.

In total, around 33.000 requests were approved in less than twenty-four hours, despite technical delays, adds the same source.

The KfW published an announcement on its website on Wednesday asking not to submit any further applications.

The German Ministry of Transport has budgeted a total of 500 million euros to subsidize these installations, meaning that another 200 million euros will be released in the future.

According to the Federal Network Agency, Germany had almost 79.000 normal charging stations and more than 18.500 fast charging stations for electric cars in July.

A survey of users by the Ministry of Transport showed that the use of self-generated solar energy often shifts charging to a time of day when power grids are less busy, thereby relieving pressure on the network.

Germany had just over a million all-electric vehicles in circulation at the end of 2022, after an acceleration last year linked to the gradual end of purchase bonuses, but still remaining far from the government's objective of the 15 million vehicles on the road by 2030.