KfW funding for companies: “Private charging stations for electric vehicles”
Electric vehicles have a decisive role to play in reducing CO2 emissions and meeting the German federal government’s climate protection targets — provided there is a nationwide charging infrastructure for electric cars.
According to the German National Center for Charging Infrastructure (NLL), 60 to 85 percent of all charging is done at home or at the workplace. There is therefore great potential for expanding charging options in non-public spaces.
The new KfW funding guidelines from the German Federal Ministry of Transport and Digital Infrastructure (BMVI), “Private charging stations for electric vehicles — businesses and municipalities” [“Nicht öffentlich zugängliche Ladestationen für Elektrofahrzeuge — Unternehmen und Kommunen”], respond to this reality. A total of 350 million euros are to be made available to support the expansion of the charging infrastructure for business and municipal e-fleets and for employee parking spaces. The package thus includes support for reev intelligent charging solutions for businesses.
We have picked out the key aspects of the funding package for you:
What can be funded?
Subsidies cover the purchase and installation of private, stationary charging facilities with a charging capacity of up to 22 kilowatts.
“Facilities” includes the charging station (hardware) and a charging management system (software).
Connection to a power supply (mains supply/battery) and any necessary technical or structural work are also covered.
Who can apply for funding?
All businesses and municipalities that are planning a non-public charging infrastructure for fleet vehicles and/or their employees’ private electric vehicles are eligible to apply.
What are the requirements?
The charging facilities must be located at employee parking spaces or parking spaces on property designated for commercial or municipal use.
The charging points must be used for the stated purpose for at least six years following their installation. Otherwise, KfW will be entitled to reclaim the subsidy.
What level of funding can applicants expect?
Charging point funding is available for 70 percent of specified expenses up to a maximum of 900 euros.
The maximum funding available to businesses is 45 000 euros; this limit does not apply to municipal applicants.
When and where can you apply?
Applications can be submitted from November 23 through the KfW funding portal at public.kfw.de/zuschussportal-web/.
Other subsidies and rebates you can claim when setting up electric vehicle charging infrastructure are listed here.
Secure funding for your business now and benefit from reev intelligent charging solutions.
Simply contact us with any questions or if you need advise.