Germany – According to the Financial Times, earlier this month, the Federal Cabinet of Germany allocated EUR 13.8 billion for E-Mobility funding from 2024 – 2027. The funding will target the advancement of electromobility, which includes the expansion of commercial vehicle charging infrastructure. This is part of a wider “Special Assets Climate and Transformation Fund” (KTF) of EUR 212 billion to fund various projects that help decarbonise the country, allowing the nation to reduce its emissions and reach its climate pledges.

Additionally, the KTF will contribute to the development of the hydrogen economy and, in the future, sponsor semiconductor production. The government acknowledges semiconductor production has significant implications for climate-neutral technologies and the transition of the German economy towards climate neutrality. The Climate and Transformation Fund falls under the jurisdiction of the Federal Ministry of Finance and is managed primarily by the Federal Ministry of Economics and Climate Protection.