Germany currently offers a €6,000 bonus for electric cars below €40,000. However, the German Economy Ministry has decided to reduce this bonus to 4,500 euros in 2023. With the skyrocketing cost of energy, what will consumers do?
In Germany, the expected reduction in the green bonus and the sharp rise in the price of electricity raise concerns about the economic competitiveness of electric cars.
Like many European countries, Germany offers a very attractive green bonus system for new electric cars. Across the Rhine, electric vehicles sold less than 40,000 euros currently benefits froma bonus of 6,000 euros. he will go to 4,500 euros from 2023. for vehicles of less than 65,000 eurosthe bonus will from 5,000 euros to just 3,000 euros.
In 2024, there will be no more ecological bonuses for vehicles above 45,000 euros. Currently, this bonus is already removed for vehicles over 65,000 euros.
A total bonus removal in Germany
Furthermore, aid paid to electric car buyers will disappear completely once the government has spent the entire €3.4 billion budget earmarked for the purchase of electric vehicles.
skyrocketing energy cost
end of 2021, the kWh of household electricity in Germany cost 32 euro cents. But it should be noted that, according to the German Energy and Water Industries Association, the price of electricity has already exceeded 37 cents per kWh on average for households.
According to CAR (Car Research Center) experts, many tariff increases by utilities and other energy providers have yet to take effect. The price of electricity could thus reach 50 cents per kilowatt-hour.
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Will Germans continue to buy electric cars?
The observation is simple: the cost of electricity is rising strongly when subsidies for the purchase of an electric vehicle are decreasing drastically. Faced with this paradoxical situation, will Germans continue to buy electric vehicles?
At this stage, the answer seems positive: during the first half of 2022, Electric car sales increased by 25% compared to 2021, although some experts fear a drop or delay in EV purchases. But what will happen in 2035, when new thermal cars will no longer be allowed?
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In Luxembourg, what is the ecological bonus when buying an electric car?
At the moment, a bonus of 8,000 euros is offered to buyers of a new electric vehicle, whose consumption does not exceed 18 kWh/100 km. Electric cars that consume no more than 20 kWh/100 km are also affected, provided their maximum power does not exceed 150 kilowatts. This bonus is part of a more global program called “Clever fueren”, whose objective is to fight for mobility with zero CO2 emissions.
At the beginning of June, François Bausch, Minister of Mobility, recalled in the sense that ” 7,056 financial aid granted since 2019. 43% of the files concerned private owners and 57% were companies “.
And France and Belgium?
In Franceat the beginning of last July, the Minister of Economy, Bruno Le Maire, confirmed that the ecological bonus of the € 6,000 offers in the hexagon would be extended until the end of 2022. He justified his decision by “ France’s ambition to accelerate the transition from thermal vehicles to electric vehicles “. Currently, about 10% of vehicles in circulation in France are electric.
In Belgiumalthough there is as such no incentive bonus for the purchase of a “green” vehicle, the regions (particularly Flanders) have adopted measures rewarding drivers of clean cars (reduction in the registration fee, etc.).
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