German Government's EV Subsidy Program to Benefit BYD -- Market Talk

Dow Jones01-21

0357 GMT - Germany's electric-vehicle subsidy program could benefit Chinese automakers with strong exports to the European Union, says Daiwa analyst Kelvin Lau in a note. The German government said Monday that it would restart the EV subsidy program. The program has no restrictions on the origin of EVs, so it's open to Chinese brands, Lau adds. The German government will spend EUR3 billion on the program from 2026 to 2029, offering subsidies of EUR1,500 to EUR6,000 for each EV with a focus on low- and middle-income households, he says. The program would benefit Chinese automakers like BYD, he adds. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 20, 2026 22:57 ET (03:57 GMT)

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