EV And Hybrid Sales Fall In Germany After Government Reduces Subsidies | Carscoops carscoops
. In Germany, the government had been offering a €9,000 subsidy split between the consumer and carmaker for EVs with a net list price of below €40,000 . However, as of January, this subsidy has been cut in half to €4,500 . Additionally, hybrids with a net list price below €40,000 had been offered with up to €6,750 in subsidies but this payout has now been abandoned completely.
Beyond changes made to local subsidies, the sharp sales decline experienced in January can be partly attributed to the fact that thespiked towards the end of last year as consumers cashed in on the subsidies while they were still available. The Association of the Automobile Industry in Germany doesn’t think the sale of EVs and hybrids will rebound as the year progresses. In fact, it expects total sales of BEVs and hybrids to fall 8 percent compared to 2022, The Wall Street Journal reports. Sales of hybrids will be hit particularly hard and could plummet by 20 percent.
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