Study: More discounts for combustion engines, price shock for e-cars | free press

by time news

2023-08-29 07:11:13

At the IAA of all places, the German traffic turnaround is faltering. While the promotion of electric drives is decreasing, manufacturers are increasingly pushing combustion engines onto the market with discounts.

Duisburg/Frankfurt.

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, private buyers of smaller e-cars will only be able to get an “environmental premium” of 3,000 instead of 4,500 euros, which many manufacturers are already factoring into 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.

Price cuts at Tesla?

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. (dpa)

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