Group 1 - Germany plans to launch a €3 billion ($3.5 billion) electric vehicle (EV) subsidy program to stimulate demand following a slump in domestic sales, open to all manufacturers including Chinese brands [1][2] - The program aims to finance the purchase of approximately 800,000 vehicles through 2029, with individual subsidies ranging from €1,500 to €6,000 based on household income, family size, and vehicle category [4] - The initiative is expected to benefit manufacturers like Volkswagen and Stellantis as they introduce more affordable electric models, while also supporting lower-cost Chinese manufacturers such as BYD [5][2] Group 2 - The German approach to EV subsidies differs from other European markets, where restrictions based on vehicle origin are imposed, such as in the UK and France [3] - The program is part of a broader effort to accelerate electric car adoption and support the automotive sector, which has faced challenges due to the withdrawal of subsidies in late 2023 [1][5] - The German government has also extended a tax exemption for electric vehicles until 2035, enhancing the prospects for lower-priced models like Renault's R5 E-Tech and Volkswagen's ID. Polo [6]