German Govt To Hand Out $10,000 To Electric Car Buyers
Auto News, 5 June 2020
FRANKFURT -- Germany is doubling incentives offered to buyers of battery-powered cars as part of a 130 billion-euros ($146 billion) economic recovery package for the period through the end of next year -- but the government refused pleas for the program to include internal-combustion cars.
Buyers of full-electric cars with a net list price of up to 40,000 euros ($44,815) will be eligible for a grant of 9,000 euros ($10,083), including 6,000 euros from the government and 3,000 euros from automakers.
The threshold means that many high-priced vehicles from premium automakers such as BMW, Mercedes-Benz, Audi and Tesla are not eligible for the full amount. Prices for the Mercedes EQC start at 71,590 euros and Audi's e-tron prices start at around 69,900 euros. Tesla's lowest priced Model 3 just squeezes in at 39,990 euros, according to the government's list of eligible vehicles. [....]
The ZDK German dealers association said it was disappointed that incentives will be offered only for EV sales.
The stimulus program is "not even a drop in the ocean" in helping to move unsold new cars worth around 15 billion euros that are in dealerships and on dealers' books, ZDK President Juergen Karpinski said in a statement.
Germany's governing conservative and Social Democrats (SPD) coalition agreed on the stimulus package on Wednesday after they had wrangled for days over incentives to boost new-car sales hit by the coronavirus crisis.
Social Democrats opposed offering incentives for vehicles with gasoline and diesel engines, arguing that this would undermine Germany's climate protection goals.
Auto industry executives had lobbied for the stimulus to apply to internal-combustion and electric models. They were supported by the state premiers of Lower Saxony, Bavaria and Baden-Wuerttemberg, home to Volkswagen, BMW and Daimler.
Full story
Auto News, 5 June 2020
FRANKFURT -- Germany is doubling incentives offered to buyers of battery-powered cars as part of a 130 billion-euros ($146 billion) economic recovery package for the period through the end of next year -- but the government refused pleas for the program to include internal-combustion cars.
Buyers of full-electric cars with a net list price of up to 40,000 euros ($44,815) will be eligible for a grant of 9,000 euros ($10,083), including 6,000 euros from the government and 3,000 euros from automakers.
The threshold means that many high-priced vehicles from premium automakers such as BMW, Mercedes-Benz, Audi and Tesla are not eligible for the full amount. Prices for the Mercedes EQC start at 71,590 euros and Audi's e-tron prices start at around 69,900 euros. Tesla's lowest priced Model 3 just squeezes in at 39,990 euros, according to the government's list of eligible vehicles. [....]
The ZDK German dealers association said it was disappointed that incentives will be offered only for EV sales.
The stimulus program is "not even a drop in the ocean" in helping to move unsold new cars worth around 15 billion euros that are in dealerships and on dealers' books, ZDK President Juergen Karpinski said in a statement.
Germany's governing conservative and Social Democrats (SPD) coalition agreed on the stimulus package on Wednesday after they had wrangled for days over incentives to boost new-car sales hit by the coronavirus crisis.
Social Democrats opposed offering incentives for vehicles with gasoline and diesel engines, arguing that this would undermine Germany's climate protection goals.
Auto industry executives had lobbied for the stimulus to apply to internal-combustion and electric models. They were supported by the state premiers of Lower Saxony, Bavaria and Baden-Wuerttemberg, home to Volkswagen, BMW and Daimler.
Full story
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