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What people seem to miss in this discussion: Many Germans get EV cars as company cars because of how they're taxed: Say the car is worth 60k and you're allowed
by name_vfinal_v2 2y ago
What people seem to miss in this discussion: Many Germans get EV cars as company cars because of how they're taxed:
Say the car is worth 60k and you're allowed to use it for non-work purposes, then you need to tax 1% of the list price per month (i.e. 600 is added as fictional income to your monthly pay, and you need to pay the tax on that) IF you drive a gas / diesel car.
For EVs that is 0.25%, so there was a huge incentive for people to get Teslas.
That law is changing though: The taxation applies only to cars up to €60k list price (most Teslas exceed that by now, even Model 3s with some extras), and as electricity prices have been soaring, charging the EV got really expensive.
Adding to that, interest rates have been increasing in 2022 for the first time in a long time. This means that leasing rates and financing rates skyrocketed. So as another commenter wrote: Buying a new car is one of the least worries of Germans at the moment.