Germany- Media reports in Germany have revealed that demand of individuals and companies on electric cars has kept declining, despite all the privileges given to motivate people on purchasing eco-friendly vehicles.

According to a local economic newspaper specialized in automotive news, out of a total €1.2 billion allocated to reward people buying electric cars, only €55 million have been spent.

The newspaper noted that requests submitted to the federal bureau of economy and censure on imports in Eschborn city to buy electric cars exceeded 15,000 by the end of March.

Of note, the reward concept has kicked off in July 2016, with a retroactive effect including people who bought electric cars starting May 18.

The offered rewards are as follows: €4,000 for electric cars, €3,000 for hybrid cars; the German government contributes in paying 50 percent of this reward, while the manufacturing company pays the other 50 percent by offering the client a discount when purchasing the car.

Technically, the value allocated for this reward, covers the purchase of over 300,000 cars. This concept will be suspended by the end of June 2019.