(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine and reduce harmful emissions.A so-called “Environment Bonus” will be raised by half to as much as 6,000 euros ($6,680) per electric vehicle and the auto industry will continue to cover half the cost, Merkel’s chief spokesman, Steffen Seibert, said in a statement in Berlin. The changes will take effect this month and run through 2025, …read more
Source:: Yahoo Finance
