Germany to Reduce Government Incentives to Buy Electric Cars
2 years, 7 months ago

Germany to Reduce Government Incentives to Buy Electric Cars

News 18  

The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. At present, buyers of electric-only cars are eligible for government incentives of up to 6,000 euros and people who buy plug-in hybrids can get up to 4,500 euros. Starting in January, government incentives for electric and fuel-cell cars will be cut to 4,500 euros apiece for vehicles with a list price up to 40,000 euros and to 3,000 euros for cars costing 40,000-65,000 euros. Finance Minister Christian Lindner said Wednesday that the government incentives will end when a final 2.5 billion euros is exhausted and after that, only tax advantages for buying climate-friendly cars will remain.

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History of this topic

Car tax set to rise in April for drivers of certain new vehicles
1 month, 1 week ago

Car tax set to rise in April for drivers of certain new vehicles

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an attempt to drive consumers towards electric cars while widening the gap between …

Car tax set to rise in April for drivers of certain new vehicles
Trending News
1 month, 2 weeks ago

Car tax set to rise in April for drivers of certain new vehicles

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an attempt to drive consumers towards electric cars while widening the gap between …

The case for subsidizing electric vehicles
2 months, 1 week ago

The case for subsidizing electric vehicles

Live Mint  

Honda and Nissan recently announced plans to merge by 2026. Although a combination of private-sector innovation and support from Congress has driven the EV sector’s growth in the U.S., lawmakers are floating the possibility of ending consumer and manufacturing tax incentives for manufacturers and parts suppliers. Tate Reeves called the battery plant under construction in his state a “project of …

'Lost year': Electric car sales go into reverse in Germany
2 months, 1 week ago

'Lost year': Electric car sales go into reverse in Germany

New Indian Express  

BERLIN: Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4 percent fewer than in the previous year, the KBA federal transport authority said. The slump in …

ANWB: The reduction of tax benefits for electric cars is going too fast
2 months, 3 weeks ago

ANWB: The reduction of tax benefits for electric cars is going too fast

NL Times  

The number of people Dutch people who are planning on buying an electric car is not increasing even though the demand for electric cars is increasing and more and more affordable models are being placed on the market. Especially the lack of clarity about the motor vehicle tax plays a significant part in people’s reluctance to buy an electric car. …

Electric cars no longer cheaper to run, drivers switching off
2 months, 3 weeks ago

Electric cars no longer cheaper to run, drivers switching off

Dutch News  

Electric cars are no longer cheaper to run than petrol or diesel-fuelled vehicles after the government wound down subsidies and tax breaks designed to encourage drivers to switch. The latest assessment by motoring organisation ANWB finds that electric cars cost almost 76 cents a kilometre to run, taking in the cost of fuel, maintenance, wear on tyres and depreciation. Electric …

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030
3 months, 1 week ago

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030

Daily Mail  

Ford's UK boss has demanded a return of subsidies for electric cars that were scrapped in 2022 - as new figures show manufacturers are not on target to hit the Government's 22 per cent sales goal for this year. Lisa Brankin, chair of Ford UK and Ireland, says the Government needs to introduce 'substantial' subsidies to drive sales of electric …

New car buyers stung an extra £417 on average for road tax next year when Labour's vehicle excise duty hikes arrive
3 months, 1 week ago

New car buyers stung an extra £417 on average for road tax next year when Labour's vehicle excise duty hikes arrive

Daily Mail  

Buyers of new petrol and diesel cars are set to feel the brunt of the Chancellor's widespread tax raid from next year. A new report has estimated that the result of the Chancellor's decision to DOUBLE Vehicle Excise Duty rates from 1 April will increase in taxation on new cars by an extra £417 on average The Chancellor said the …

After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
3 months, 2 weeks ago

After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy While sales of electric vehicles …

First-year tax rates for petrol, diesel and hybrid cars set to rise following Budget
4 months, 2 weeks ago

First-year tax rates for petrol, diesel and hybrid cars set to rise following Budget

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Drivers of new petrol, diesel and hybrid vehicles are set …

EU demand for electric cars continues to fall as sales collapse in France and Germany
5 months, 3 weeks ago

EU demand for electric cars continues to fall as sales collapse in France and Germany

Daily Mail  

Demand for electric cars across Europe is 'on a continual downward trajectory' after a 'spectacular' collapse in sales in Germany and France. In the latest sign that the brakes have been slammed on the electric vehicle revolution, figures showed just 92,627 battery-only powered cars were registered in the European Union last month. Running flat: In the latest sign the EV …

Germany suffers ‘spectacular’ 70pc drop in electric car sales
5 months, 3 weeks ago

Germany suffers ‘spectacular’ 70pc drop in electric car sales

The Telegraph  

Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net zero vehicle targets. ACEA said “the spectacular drop” in both countries meant that only 92,627 battery electric vehicles were registered across Europe last month, a fall of 43.9pc compared to a year earlier. Mike Hawes, head of the SMMT, …

German economics minister urges political solution to EV tariffs with China
5 months, 3 weeks ago

German economics minister urges political solution to EV tariffs with China

China Daily  

German Economics Minister Robert Habeck BERLIN - Germany's Economics Minister Robert Habeck has called for the European Union and China to reach a political solution to the issue of tariffs on electric vehicles. Emphasizing China's significance to the German and European economies, Habeck said fair competition conditions must be guaranteed and Germany welcomes competition with China. A government spokesperson said …

Why electric cars are forcing Britain to confront a pay-per-mile future
6 months, 1 week ago

Why electric cars are forcing Britain to confront a pay-per-mile future

The Telegraph  

Peter Roberts still vividly remembers the day he broke the Downing Street website. With the rise of electric cars eating into fuel duty receipts, a coalition of think tanks and green charities say road pricing is the only way that Rachel Reeves can plug a £22bn hole in the public finances. They are urging the Chancellor to unveil the measure …

For Volkswagen, the bumpy road to electric vehicles starts to hit home
6 months, 1 week ago

For Volkswagen, the bumpy road to electric vehicles starts to hit home

Live Mint  

Volkswagen’s suggestion that it might have to close a plant in Germany for the first time ever sets up a battle with its powerful union and highlights the mounting pressures on its namesake brand. The company said a “performance program" at its core Volkswagen brand that was agreed upon with union leaders last December would no longer be sufficient to …

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year
7 months, 2 weeks ago

Seven in ten electric vehicles will be stung with the additional £410-a-year 'luxury car' premium tax when VED exemption ends next year

Daily Mail  

The end of electric vehicle car tax exemptions from next year could kill off demand for greener cars in Britain, a new report is warning. Auto Express said it will 'create further cost barriers' preventing the switch to battery cars In the Autumn Budget of 2022, former Chancellor Jeremy Hunt announced that electric cars will no longer be exempt from …

German car manufacturers under pressure
8 months, 2 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

German car manufacturers under pressure
8 months, 2 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

Electric car sales tumble across Europe as demand plummets in Germany
8 months, 3 weeks ago

Electric car sales tumble across Europe as demand plummets in Germany

The Telegraph  

Sales of electric vehicles plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. The European Commission unveiled a raft of new trade tariffs of up to 48pc on EVs, …

German experts criticize EU tariffs on Chinese EVs
8 months, 3 weeks ago

German experts criticize EU tariffs on Chinese EVs

China Daily  

By XING YI in London | China Daily Global | Updated: 2024-06-18 09:03 A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. The European Union's decision to impose additional tariffs on Chinese battery electric vehicles is a protectionist move that could trigger a global trade conflict and slow down Europe's electric mobility transition, …

Research shows interest in electric car ownership is dwindling
10 months, 3 weeks ago

Research shows interest in electric car ownership is dwindling

NL Times  

Research from Dutch travel association ANWB has shown that the interest in electric vehicles is dwindling. An electric car in 2022 cost 61 cents per kilometer; now it costs 72 cents per kilometer," ANWB said. The ANWB added that they receive many questions regarding motor vehicle tax for electric cars. Electric cars are heavy due to their battery packs, which …

German lawmakers approve contested cuts to farmers’ fuel subsidies and a revamped 2024 budget
1 year, 1 month ago

German lawmakers approve contested cuts to farmers’ fuel subsidies and a revamped 2024 budget

Associated Press  

BERLIN — German lawmakers on Friday approved cuts to fuel subsidies for farmers that prompted angry protests, along with a 2024 budget the government had to revamp after a court ruling blew a hole in its financial plans. Parliament’s lower house voted in favor of the overhauled 476.8 billion budget for Europe’s biggest economy and legislation including measures to fill …

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says
1 year, 2 months ago

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says

Daily Mail  

Owning an electric vehicle instead of a petrol car could save drivers around £10,000 over a decade and a half, according to a green think tank. Switching to electric could save owners up to £700 a year compared to driving a petrol car, a green think tank has estimated: Pictured, an electric Hyundai Ioniq5 While the upfront cost of new …

Germany’s government waters down a cost-cutting plan that infuriated the country’s farmers
1 year, 2 months ago

Germany’s government waters down a cost-cutting plan that infuriated the country’s farmers

Associated Press  

BERLIN — The German government on Thursday watered down cost-saving plans that have infuriated farmers, announcing that it is giving up a proposal to scrap a car tax exemption for farming vehicles and will stagger cuts to tax breaks for diesel used in agriculture. The cuts were part of a package agreed last month by leaders of Chancellor Olaf Scholz’s …

Government scraps plan to lower electric car subsidies; Concerned about waning interest
1 year, 5 months ago

Government scraps plan to lower electric car subsidies; Concerned about waning interest

NL Times  

The subsidy for new electric cars will not drop to 2,550 euros in 2024 but will remain at 2,950 euros, State Secretary Vivianne Heijnen wrote in a letter to parliament. The subsidy for new fully electric cars amounted to 4,000 euros in 2021 and was then gradually lowered. The idea was that electric cars would become cheaper over the years …

10 electric and plug-in hybrid cars that qualify for $7,500 tax cut
1 year, 10 months ago

10 electric and plug-in hybrid cars that qualify for $7,500 tax cut

Daily Mail  

It comes as the average cost of an electric vehicle fell slightly to $58,940 But a further seven can entitle buyers to $3,750, under new rules Only ten electric cars are eligible for the Government's $7,500 tax credits Motorists can claim up to $7,500 back in tax credits when they buy an electric vehicle thanks to a new scheme brought …

AP sources: EPA car rule to push huge increase in EV sales
1 year, 11 months ago

AP sources: EPA car rule to push huge increase in EV sales

Associated Press  

WASHINGTON — The Biden administration will propose strict new automobile pollution limits this week that would require at least 54% of new vehicles sold in the U.S. to be electric by 2030 and as many as two of every three by 2032, according to industry and environmental officials briefed on the plan. An executive order signed by Biden set a …

Volkswagen brings new low-price electric car| Check details
2 years ago

Volkswagen brings new low-price electric car| Check details

Hindustan Times  

German auto giant Volkswagen on Wednesday unveiled a new budget electric vehicle, as the competition in the EV sector revs up. Volkswagen said the new models would give it "the widest range of electric vehicles compared with its competitors" with the aim "to achieve an electric car share of 80 percent in Europe". "We are implementing the transformation at pace …

Electric car costs rose sharply in 2022
2 years ago

Electric car costs rose sharply in 2022

NL Times  

The total cost for an electric car rose sharply in the past year. The purchase price of the average electric car increased again, while the operating costs also increased rapidly due to higher energy prices and insurance premiums, said the ANWB on Tuesday. Although electric driving became considerably more expensive in 2022, it was still slightly cheaper at 61.4 cents …

Netherlands residents can apply for subsidy to buy electric car from today
2 years, 2 months ago

Netherlands residents can apply for subsidy to buy electric car from today

NL Times  

Private individuals who want to buy or lease an electric car this year can apply for a subsidy from the Netherlands Enterprise Agency again from Tuesday. Last year, the government allocated 20 million euros for used electric vehicles, coverings bout 10,200 cars. This year, Netherlands residents can purchase around 22,700 electric cars with a subsidy. To what extent electric driving …

Drop in demand for electric cars as cost of living crisis bites
2 years, 3 months ago

Drop in demand for electric cars as cost of living crisis bites

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The market is on thin ice where mass electric adoption is concerned Erin Baker, …

Germany moves ahead with massive energy relief package
2 years, 4 months ago

Germany moves ahead with massive energy relief package

Associated Press  

BERLIN — German officials have agreed on the main details of a plan to provide up to 200 billion euros in subsidies to households and businesses to ease the strain of high gas, electricity and heating prices. Chancellor Olaf Scholz and the governors of Germany’s 16 states agreed Wednesday on a two-stage plan to tackle high gas prices that largely …

German parliament clears way for huge energy relief package
2 years, 4 months ago

German parliament clears way for huge energy relief package

Associated Press  

BERLIN — The German parliament on Friday cleared the way for the government to provide up to 200 billion euros in subsidies to households and businesses to ease the strain of high energy prices, a plan that has been greeted with suspicion elsewhere in Europe. The package, which is expected to run through 2024, also is supposed to help limit …

German leaders announce new energy, inflation relief plan
2 years, 6 months ago

German leaders announce new energy, inflation relief plan

Associated Press  

BERLIN — Germany will invest an additional 65 billion euros in a new round of measures aimed at easing the sting of inflation and high energy prices for consumers, the country’s governing coalition announced Sunday. Among the measures announced Sunday are additional one-time payments to help consumers cover energy costs, a planned price cap on a basic amount of energy …

Germany cuts Electric-Vehicle subsidies to target smaller cars
2 years, 7 months ago

Germany cuts Electric-Vehicle subsidies to target smaller cars

Hindustan Times  

Germany’s ruling coalition struck a deal to reduce generous subsidies for electric vehicles starting next year as demand keeps rising, ending a months-long dispute between the Free Democrat-led finance ministry and the Greens. The agreement cuts a cash bonus for e-vehicles costing less than 40,000 euros to 4,500 euros from 6,000 euros, according to a German official. Cars with a …

The upside-down logic of electric SUVs
2 years, 7 months ago

The upside-down logic of electric SUVs

Live Mint  

If consumers and businesses cared about the CO2 they emit, the last cars they might buy are hot-selling EVs like Ford’s Mustang Mach-E or GM’s Hummer EV. This extra cash is needed to support electric vehicles that lose money despite taxpayer rebates plus hidden subsidies via our convoluted fuel-economy and trade regulations. One manufacturer that speaks confidently of profits in …

Economists: Current measures won’t meet German energy goals
2 years, 8 months ago

Economists: Current measures won’t meet German energy goals

Associated Press  

BERLIN — Germany won’t achieve its targets for phasing out fossil fuels and ramping up renewable energy by 2030 with the measures currently in place, according to a think tank report released Wednesday. The respected German Institute for Economic Research, or DIW, examined the goals that Chancellor Olaf Scholz’s government set itself since coming to power last year following an …

30% increase in electric car charging points, but high car prices stop many from buying
2 years, 9 months ago

30% increase in electric car charging points, but high car prices stop many from buying

NL Times  

People who drive an electric car can charge it in more and more public places. The number of public charging points increased by more than 30 percent last year, according to an analysis by ANP/LocalFocus. At the end of last year, the Netherlands had more than 85,000 charging points. The biggest climber was Aa en Hunze in Drenthe, where the …

China plans EV subsidy extension, to target bigger models
2 years, 9 months ago

China plans EV subsidy extension, to target bigger models

Live Mint  

China is in talks with automakers about extending costly subsidies for electric vehicles that were set to expire in 2022. The move by China policymakers comes as the world's second-biggest economy has slowed sharply - and auto sales along with it - after cities led by Shanghai imposed tight COVID-19 lockdowns from March. One specific measure under review would roll …

More individuals buying electric cars
3 years ago

More individuals buying electric cars

NL Times  

More and more private individuals in the Netherlands are opting for an electric car, according to industry associations RAI Vereniging and BOVAG. According to RAI and BOVAG, the increase in private ownership is due to the purchase subsidy the government implemented in July 2020 and more and more affordable electric cars being introduced. By March 3, private individuals had already …

Electric car grant slashed by 40% - a second cut in 9 months
3 years, 3 months ago

Electric car grant slashed by 40% - a second cut in 9 months

Daily Mail  

The electric car grant to make expensive battery-powered vehicles more affordable was immediately cut by 40 per cent to just £1,500 in a surprise announcement today. Smart EQ Fortwo Price: From £20,725 Versions eligible for grant: All versions Range: 70 miles The cheapest new electric car you can buy is the Smart EQ Fortwo - though don't expect to go …

£1bn Budget boost for electric car charging and production
3 years, 4 months ago

£1bn Budget boost for electric car charging and production

The Telegraph  

More than £1bn has been allocated in the Budget to boost electric car charging and manufacturing ahead of Britain’s 2030 ban on the sale of new petrol and diesel cars. About £830m will go towards “electrification of UK vehicles and their supply chains, to support investment in zero emission vehicle manufacturing, battery gigafactories and the electric vehicle supply chain”. New …

Subsidies for second-hand electric cars all claimed
3 years, 6 months ago

Subsidies for second-hand electric cars all claimed

NL Times  

The fund from which private individuals can receive a subsidy if they purchase a second-hand electric car is empty for this year. "Of course I would also like more people to be eligible for the rest of this year to buy an electric car with a subsidy. But I think it is especially good news that so many people are …

US automakers pledge huge increase in electric vehicles
3 years, 7 months ago

US automakers pledge huge increase in electric vehicles

Associated Press  

WASHINGTON — Declaring the U.S. must “move fast” to win the world’s carmaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of U.S. sales by the end of the decade. Pointing to electric vehicles parked on the White House South Lawn, the president declared them a …

Climate bid faces tricky path over money for electric cars
3 years, 7 months ago

Climate bid faces tricky path over money for electric cars

Associated Press  

WASHINGTON — The bipartisan compromise on infrastructure cuts in half President Joe Biden’s call for $15 billion to build 500,000 electric vehicle charging outlets, raising the stakes as the administration seeks to win auto industry cooperation on anti-pollution rules to curb climate change. The Senate legislation provides $7.5 billion in federal grants to build a national network of charging outlets, …

Climate bid faces tricky path over money for electric cars
3 years, 7 months ago

Climate bid faces tricky path over money for electric cars

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The bipartisan compromise on …

European Union to Put End on Sale of New Petrol and Diesel Cars by 2035
3 years, 8 months ago

European Union to Put End on Sale of New Petrol and Diesel Cars by 2035

News 18  

The European Commission wants to end the sale of new petrol and diesel cars by 2035, under a massive plan to fight climate change unveiled recently. “As a result, all new cars registered as of 2035 will be zero emission," the statement announcing the plan said. “We see that people want these developments, there’s been a huge increase in the …

Europe aims to kill gasoline and diesel cars by 2035
3 years, 8 months ago

Europe aims to kill gasoline and diesel cars by 2035

CNN  

London CNN Business — The European Union has announced plans to end the sale of polluting vehicles by 2035, an ambitious goal that would put hybrid cars on the endangered species list and usher in a rapid and dramatic shift to fully electric models. The European Commission said Wednesday that it wants to require the auto industry to slash the …

Electric vehicles will become more affordable than ICE models in Europe by 2027: Study
3 years, 10 months ago

Electric vehicles will become more affordable than ICE models in Europe by 2027: Study

Firstpost  

A drop in battery costs and use of dedicated production lines will make EVs more accessible for the masses. Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could represent 100 percent of new sales by 2035, according to a study published Monday. Carmakers are shifting en masse to electric and hybrid …

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