E-car purchase bonus: will it destroy the market for used e-cars?

Why the environmental bonus permanently reduces the value of used e-cars

The extended purchase premium makes new e-cars and plug-in hybrids cheaper than ever. But that lowers the price of used electric cars – for a long time!

Buying a new electric car is used by the state and manufacturers thanks to the increased electrical purchase premium subsidized with up to 9,000 euros, even by the end of 2025. Therefore, sales are picking up: In October 2020 the new registrations grew 365 percent compared to October 2019 23,158 E-cars. That will be the Making the sale of a used e-car permanently difficultshe says German Automobile Trust (DAT) ahead.

E-car accessories

Siemens – Wallbox VersiCharge 4.6 kW

Price *: 784.76 euros

Heidelberg Wallbox Home Eco 11 kW

Price *: 494.99 euros

Wallbox24 portable wallbox 3.6 kW

Price *: 199.90 euros

EV OneStop Simple Universal Charger 7.2kW

Price *: 379.99 euros

Morec Portable EV Charging Cable 3.6 kW

Price *: 245.99 euros

* Prices as of February 25, 2020

Impairment of value for many years

So could the consequences for the Used car market look: “If the current bonus had expired in 2021, it would have taken a few years for the price level of used electrified vehicles to recover a permanent state“, predicts Martin Weiss, head of DAT market observation. A prospective buyer now knows that he will be in the next five years a brand new e-car – and also plug-in hybrids – always at a heavily discounted price could acquire. The pull down the overall value of used e-cars – especially with vehicles that are already relatively cheap, the new price of which is reduced by a third or even halved by the environmental bonus. The situation is worsening for retail, says Weiss.

There is also an aftermath for the resale of plug-in hybrids

Mitsubishi Outlander PHEV

Plug-in hybrids are subsidized by the environmental bonus for new purchases of up to 6750 euros.

© Toni Bader / AUTO BILD

The same goes for Plug-in hybrid models (PHEV) – i.e. cars with internal combustion engines and electric drives that can be charged externally. You will receive a grant of up to 6750 euros, plus advantages for company car taxation. I agree 20,127 new registrations assigns the KBA statistics for the September 2020 off, that is compared to the same month last year an incredible increase of 463.5 percent! The high premium could also be the Resale price of plug-in hybrids, experts fear: “We have big ones concernswhat the future Performance concerned, “said Andreas Geilenbrügge from the residual value analyst Schwacke the specialist portal “Kfz-Betrieb”. The Demand for used cars will probably not growing as fast as the supply on the market. DAT-Fahrzeugbewerter Weiss is also skeptical about the development of the residual value of the partial streams. It is questionable whether the slightly higher new price compared to pure gasoline or diesel vehicles can be maintained in the resale (here’s the Wertmeister 2020).

Relaxation of plug-in residual values ​​for five years

Another aspect is that consumption, so Geilenbrügge. This (and thus also the CO2 emissions) is with plug-in hybrids in reality often significantly higher than stated. According to the experts, they are often a deterrent for private customers lack of charging at home, the higher weight and the sometimes smaller trunk. “This means that there are no advantages for consumers and the vehicles become less attractive,” explains Weiss. At Schwacke one expects that the residual values ​​of the plug-in hybrids will remain under pressure until 2025.

Related Articles

Back to top button