Surge in EV demand blows past German government’s subsidy forecasts

Germany’s electric vehicle subsidy program is burning through funds far faster than planned and may be exhausted by the end of next year, despite being designed to run through 2029. The surge in EV demand has overwhelmed the government’s original cost forecasts for the scheme. The shortfall matters because the program is a central plank of Germany’s push to accelerate EV adoption and support its automakers’ transition. Watch for whether Berlin tops up the funding, scales back incentives, or restructures eligibility before the cash runs dry.