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On January 19, as indicated in a research report by Huatai Securities, the German government unveiled plans to allocate €3 billion from its Climate and Transformation Fund. This funding will provide subsidies of up to €6,000 for families purchasing new electric vehicles (EVs), a move aimed at spurring the growth of the EV sector. This marks the reinstatement of similar subsidy measures in Germany, following the discontinuation of its previous subsidy program at the end of 2023. The research report highlights that the new policy is tailored to bolster the EV industry, with subsidies focusing mainly on pure electric vehicles and targeting low- to middle-income households. It is anticipated that this initiative will fuel an increase in demand for lithium batteries, thereby delivering performance gains to companies within the lithium battery industry chain.
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