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Photo credits @ Volvo Trucks - illustrative purposes only

Germany launches €400 million funding program for fast-charging infrastructure for commercial vehicles

The German Federal Ministry of Digital Affairs and Transport (BMDV) has announced a new €400 million funding program to support companies in setting up fast-charging infrastructure for cars and lorries.

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The program is aimed primarily at commercial businesses as well as fleet users, such as transport and logistics companies, parcel services, and rental car and car sharing providers. For the first time, charging points specifically for trucks are also eligible for funding on a larger scale.

The maximum funding amount per application is €5 million, regardless of the number of fast charging points applied for. The funding rate is up to 40% for small and medium-sized companies, and up to 20% for large companies.

The eligible expenses per charging point are limited to a maximum amount, which depends on the DC charging capacity of this charging point. For example, the maximum funding amount per charging point with a charging capacity of 50 to 149 kW is €14,000 for small and medium-sized companies and €7,000 for large companies.

The fast charging points must be set up domestically and remain the property of the applicant company for at least two years from the date of commissioning according to the installation protocol. The electricity required for the charging process must come from renewable energies.

Applications for the funding program can be submitted from September 18, 2023 via the Jülich project sponsor.

Commenting on the plans, Volker Wissing, German Federal Minister for Digital and Transport, said:

“Commercially used vehicles have a significantly higher mileage compared to private vehicles. They therefore play a major role in the electrification of transport and are at the same time an important lever for achieving climate protection goals. The switch to electric vehicles means that companies have to set up their own fast-charging infrastructure. This is only possible with high investments. With our funding, we support this important step and support companies in the transition to climate-friendly and future-oriented mobility.”

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