Subsidies are cut
Study expects “price shock” for electric cars
08/29/2023, 11:17 am
From 2024, private buyers of e-cars will no longer receive an “environmental bonus” of 4,500 euros, but only 3,000 euros. This circumstance is already having an effect on current offers, reports the CAR Institute in Duisburg. In the case of combustion models, on the other hand, the trend points in a different direction.
Immediately before the IAA motor show in Munich, many manufacturers set higher purchase incentives for their combustion models. At the same time, according to the regular market study by the Duisburg CAR Institute, there is a risk of a price shock for e-cars because the German state will cut its subsidies at the turn of the year. From January 1, 2024, there will only be an environmental premium of 3,000 instead of 4,500 euros for private buyers of smaller e-cars, which many manufacturers already include in their current offers because of their long delivery times, says study leader Ferdinand Dudenhöffer, describing the situation.
From September 1, 2023, companies will no longer be able to receive an environmental bonus for their new car purchases. The VW Group, among others, is currently still able to deliver certain models within this year under the old, more favorable subsidy conditions. But according to Dudenhöffer’s assessment, Tesla should soon herald a new round of price reductions, which in turn will lead to significant profit cuts, especially for German manufacturers.
Judging by the buying incentives, consumers should currently be concentrating on conventional combustion models anyway. According to the study, the 30 most popular models were offered with an average price reduction of 17.8 percent in August, the highest discount in two years. At the same time, manufacturers reduced their own discounts for e-cars from 9.3 percent to 8.7 percent of list prices within a month.