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New subsidy programme for e-cars: Rush leads to the collapse of the KfW portal

2023-09-26T12:20:16.830Z

Highlights: New subsidy programme for e-cars: Rush leads to the collapse of the KfW portal. Funding is provided for the purchase and installation of a charging station for electric cars in combination with a photovoltaic system and a solar power storage system. There are up to 500 million euros in the pot, and the "first-come, first-served" principle applies: if the pot is empty, it is empty. It is not yet clear how many applications have already arrived at the bank and how much money is still in the funding pot.



Status: 26/09/2023, 14:03 p.m.

By: Amy Walker

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Today, Tuesday, the new subsidy program "Solar Power for Electric Cars" was launched. The interest is enormous – so much so that the KfW portal has collapsed.

Frankfurt – Anyone who has been trying to obtain a subsidy for a PV system connected to a wallbox for an electric car since this morning must be patient. Since the new KfW 26 funding programme was launched on the morning of Tuesday (442 September), there have been problems with the website. The rush for the grants seems to be extremely high. "We are working flat out to find a solution," says the development bank.

500 million euros in the new funding pot for the plants

There are up to 500 million euros in the pot, and the "first-come, first-served" principle applies: if the pot is empty, it is empty. Funding is provided for the purchase and installation of a charging station for electric cars in combination with a photovoltaic system and a solar power storage system. All these components must be present together in order to receive funding.

According to the Federal Ministry of Transport and the state development bank KfW, there will then be an investment grant of up to 10,200 euros for owners of owner-occupied residential buildings who own an electric car or have ordered an e-car at the time of application. According to the ministry, the maximum subsidy amount can only be received by those who release the battery of their vehicle for discharging. The battery can thus serve as a small part of a reserve, from which electricity can also flow back into the grid or be used in your own home if necessary.

Anyone who wants to charge their electric car with solar power can apply for subsidies from KfW as of today. (Symbolic image) © Jochen Tack/Imago

KfW: Applications by e-mail will not be considered

But apparently the interest in the funding program is much greater than expected. Since this morning, there have been problems loading the grant portal, which must be used to submit an application. According to KfW, some people have contacted us by e-mail out of desperation. But the development bank has to disappoint: "We do not consider applications by e-mail. Please stay tuned and reload the page regularly."

With a little patience, it seems to work. It is not yet clear how many applications have already arrived at the bank and how much money is still in the funding pot. But if the rush remains so high, there won't be much left of the 500 million euros for long.

Source: merkur

All news articles on 2023-09-26

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