Automotive industry - After subsidy end: VW takes over e-car bonus itself for the time being
Following the sudden end of the purchase premium for electric cars, Volkswagen now also wants to pay the subsidy itself for the time being. The manufacturer announced on Tuesday that it would pay the full premium for all eligible e-cars in the ID series ordered by December 15 and registered by the end of March. For vehicles registered before the end of this year, the previously guaranteed premium of up to 6750 euros will be paid, and the originally planned reduced rate of up to 4500 euros for registrations by March 31. In addition to the manufacturer's share of 50 percent, VW will now also take over the federal government's share, which has been eliminated.
On Monday, several manufacturers had already announced that they would take a similar approach. The Stellantis car group with brands such as Peugeot, Opel and Fiat intends to take over the premium itself by the end of February 2024, Mercedes-Benz until further notice. Hyundai and the Spanish VW subsidiary Cupra also announced on Monday that they would pay the bonus themselves for a limited period for vehicles already ordered.
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- In response to the termination of electric car purchase premiums, Volkswagen, based in Wolfsburg, Germany, will temporarily cover the subsidy for eligible ID series vehicles purchased by December 15 and registered by March 31.
- This move follows similar actions taken by other automakers, such as Stellantis, with brands like Peugeot and Opel, which plans to cover the premium by February 2024, and Mercedes-Benz, implementing this change indefinitely.
- Hyundai and Volkswagen's Spanish subsidiary, Cupra, also announced that they would pay the bonus themselves for a limited time for vehicles already ordered.
- The end of the subsidy for electric cars has caused a shift in the auto industry, with manufacturers like Volkswagen taking on the responsibility of paying the premium to continue incentivizing the purchase of electric vehicles.
- The decision by Volkswagen to bear the cost of the federal government's subsidy comes after the sudden elimination of the premium, placing a burden on consumers seeking to invest in electric vehicles.
- As a leading player in the global auto industry, Volkswagen's initiative to cover e-car premiums may influence other manufacturers to adhere to a similar approach in lowering emissions across the industry.
- With the German federal government's subsidy now discontinued, the responsibility for further promoting the adoption of electric vehicles has eased onto the shoulders of prominent automakers like Volkswagen, galvanizing the role of private companies in preserving the environment by boosting the uptake of eco-friendly vehicles.
Source: www.stern.de
