Exclusive: Germany bankrolled Tesla buyers with €860m to help hit EU Covid recovery targets – and now gives €71m to Musk’s Berlin gigafactory too
AI Summary
Germany invested €860 million in subsidizing Tesla purchases from 2020 to 2023 to boost electric vehicle adoption, which in turn helped Berlin secure a share of the EU's Covid recovery fund. This financial support underscores Germany's commitment to green energy initiatives. Now, the Berlin gigafactory run by Elon Musk is set to receive an additional €71 million in state aid, highlighting ongoing government efforts to bolster local tech and automotive industries amidst a broader push for sustainable development.
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