Germany Has Launched A Subsidy Scheme For Solar Charging Stations For Electric Vehicles

As of September 26, anyone who wants to use solar energy to charge an electric car at home in the future can apply for a new state subsidy offered by the German Development bank KfW.

According to the report, private charging stations that use solar power directly from the roof can provide a green way to charge electric vehicles. The combination of charging stations, photovoltaic power generation systems and solar energy storage systems makes it possible. KfW is now offering subsidies of up to €10,200 for the purchase and installation of such equipment, with a total subsidy of up to €500 million. If the maximum subsidy is paid, about 50,000 electric vehicle owners will benefit.

According to the report, applicants must meet the following conditions. First, it must be a residential home with ownership, and apartments, vacation homes and new buildings still under construction are not eligible. Electric cars also have to be existing, or at least already on order. Hybrid cars and company and corporate cars are not covered by the subsidy. In addition, the amount of subsidy is also related to the type of installation.

Thomas Grigoleit, energy expert at the German Federal Agency for Foreign Trade and Invest, said that the new solar charging station subsidy scheme coincides with the attractive and sustainable financing tradition of the German KFW bank, which will certainly make an important contribution to the successful promotion of electric vehicles.

Deutschland Trade and Invest is the German Federal government's agency for foreign trade and inward investment. The agency provides advice and support to foreign companies entering the German market and assists companies established in Germany to enter foreign markets.