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Electric-car subsidies make Renaults free in Germany

"Car buyers in Europe can now get their hands on a brand-new electric vehicle for less than the typical cost of a mobile-phone contract. Thanks to newly generous subsidies, some are even free.

Shoppers have swarmed virtual showrooms in Germany and France – the region’s two largest passenger-car markets – after their national governments boosted electric-vehicle incentives to stimulate demand.

Their purchase subsidies are now among the most favorable in the world, according to BloombergNEF."

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