"Tesla and Mercedes-Benz Adapt to Loss of German EV Subsidies"

The German government is ending its subsidy program for electric vehicles, but Tesla and Mercedes-Benz have announced that they will compensate for the loss by covering the full price of the subsidy for German buyers. Other automakers, including Volkswagen and Stellantis, have also pledged to fund the subsidies until the end of the year. Tesla's move is aimed at achieving its 2023 sales target, while Mercedes-Benz plans to pay the manufacturer's share based on the subsidy amount originally planned for 2024. France has also excluded the Tesla Model 3 from its subsidy program, limiting subsidies to electric cars made in Europe.