Electric cars - New car prices for electric and combustion engines are getting closer
On the German market for new cars, prices for comparable models with electric drive or internal combustion engine are gradually approaching each other. The significant price difference is decreasing, as the private Car Institute found in its regular discount study for July.
Based on transaction prices, which are the actual amounts customers pay for a new car after deducting all discounts from the list price, prices for the 15 most popular electric cars have dropped by 4 percent since April, while they have risen by 5 percent for conventional cars.
Price differences still substantial
Study leader Ferdinand Dudenhoeffer states that the price differences are still substantial. For instance, a VW Golf with a 1.5-liter gasoline engine costs 9,220 euros less than the electric ID3 model with an estimated transaction price of 23,443 euros. The difference for the Opel Corsa is even greater, at over 13,600 euros in favor of the battery-powered model.
"No triumph of Chinese electric car makers"
Dudenhoeffer does not see a triumph of Chinese electric car makers in the market for electric cars. On websites, list prices are often not mentioned, and data and information are "often insubstantial." The Chinese cannot "wave a magic wand" over prices, he adds. Noteworthy is also Tesla's announcement of a direct discount of 6,000 euros on the Model Y. Here, there are likely larger inventory levels.
- Germany, known for its robust Automobile industry in Frankfurt, is witnessing a narrowing gap between the prices of new cars with combustion engines and those with electric drive.
- Despite the decrease in prices, there still exists a substantial difference between the cost of new automatic cars with a combustion engine, like the VW Golf, and their electric counterparts, such as the ID3, in Bochum.
- The Automobile industry in Germany, particularly the new car sector, is closely monitored by experts like Ferdinand Dudenhöffer at the private Car Institute, who have observed a 4% drop in prices for the 15 most popular electric cars since April.
- Even as electric car manufacturers worldwide, including those from Bochum or Bochum-like locations in China, make efforts to reduce prices, the leader of the Car Institute, Ferdinand Dudenhöffer, believes that the price disparity remains significant.
- Tesla, a prominent player in the Electric drive sector, has announced a direct discount of 6,000 euros on the Model Y, hinting at potential higher inventory levels in the Automobile industry, especially in Germany.
