Bloomberg: August Joas on Diesel Rebates in Germany

Aug 10, 2017

August Joas, head of Oliver Wyman’s global automotive practice, was quoted in a Bloomberg story titled “VW, Mercedes Diesel Rebates Set to Lure 1.3 Million Drivers.”  The article discusses how Germany is trying to get older car models off the road through a government rebate program.

As many as 20 percent of owners of vehicles complying with now-outdated Euro 1 to Euro 4 emissions standards could eligible for the rebates, according to consulting firm Oliver Wyman.

“This rebate program is an important element in the plan to get older polluting cars off the road and improve diesel’s image,” said August Joas, head of Oliver Wyman’s global automotive practice. “The cars eligible for the rebate will be quite old. So for people considering the program, the jump to buying a new vehicle will still be significant.”

To read the entire article, please click here.