Transport Minister Volker Wissing is apparently planning to extend the electric car premium. According to a media report, state funding is also to be increased significantly. Accordingly, there should also be a new scrapping premium.
According to the “Handelsblatt” (Monday edition), Transport Minister Volker Wissing (FDP) has had a billion-euro expansion of the purchase premiums for electric cars checked. The daily newspaper reported on a government report in which several research institutes evaluated the draft for an immediate climate protection program. Accordingly, the FDP politician plans to extend the purchase premium for purely battery electric vehicles or fuel cell cars until 2027.
According to the plans, anyone who buys a car with a maximum purchase price of 40,000 euros should receive a subsidy of 10,800 euros instead of the previous 6,000 euros. In addition, there is the subsidy from the manufacturers of 3000 euros, which they should also continue to grant until 2027. For more expensive vehicles up to 60,000 euros, the ministry is planning a bonus of 8,400 euros instead of the previously promised 5,000 euros.
From the second half of 2023, buyers will have to scrap a combustion engine car that is at least eleven years old in order to receive full funding. According to the “Handelsblatt”, the value of the scrapping premium could be around 1,500 euros.
Electric car premium: funding for hybrid vehicles is to be extended
Both premiums should decrease from 2025 and, according to the report, cost “up to 73 billion euros”. In contrast to Federal Minister of Economics Robert Habeck (Greens), Wissing wants to continue to promote the purchase of plug-in hybrids until 2024 and not end it this year. He wants to halve the subsidy to 2250 or 1875 euros depending on the purchase price.
According to the coalition agreement, all purchase subsidies should actually expire in 2025. It is also agreed in the coalition agreement that the subsidy should decrease continuously until then. Accordingly, only 5.9 billion euros are planned in the budget.
Source: Stern
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