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By Friedrich Vogel

German Government Agrees on Grant for Electric Cars, Further Boosting ENIO's Business

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Dear Companists,

Gas stations will soon be a thing of the past – even in Germany. While electric mobility has gained considerable market share in other countries, and while Norway, for instance, has decided to phase out the use of fossil fuels in the mobility sector until 2025, Germany has been reluctant to take similar steps so far. Now, however, the country has taken the first important step in this direction.

 

German Government Introduces Grant for Electric Cars

Having announced such a step for quite a while, thus even hindering the progress of electric mobility (because potential buyers have been waiting for a government decision before buying electric cars), the German federal government has now decided to launch a powerful grant program for electric cars.

In fact, the government will invest €1.2 billion in grants for electric cars and €300 million in additional charging stations. Both of these measures will significantly boost ENIO's development. After the Tesla 3, which led to a record-breaking 400,000 pre-orders when it was unveiled, this multi-billion stimulus package also proves that ENIO is on the right track.

Moreover, the German automotive industry will soon launch the Opel Ampera-e, an electric vehicle with a reach of over 350 km and a sales price typical of mid-size cars that will appeal to a large number of potential buyers. Thanks to the new grant program, the Ampera-e has become even more attractive.

The R-I-P formula – reach, infrastructure, and price – on which the success of electric mobility relies has thus become more attractive in terms of R and P. In addition, €300 million will be invested in I (infrastructure), and we want to provide this infrastructure with the Companists' help. We have already laid the foundations for this project.

 

Best regards,

The ENIO team



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533

Companists

296,455 €

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Contact Details
ENIO GmbH
Geyschlägergasse 14
1150 Vienna
Austria

Email: investor-relations@enio.at
Website: www.enio.at
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The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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