E-car: Wissing wants to increase the premium for e-car insurance from 6000 to 10,800 euros

a job Wesing’s plan

The Minister of Transport wants to increase the premiums for electric cars from 6000 to 10,800 euros

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The alliance had already planned to phase out subsidies for electric cars by 2025. Now Volker Wissing wants to increase it significantly. According to an expert report, this could cost up to 73 billion euros.

BAccording to a report, German Transport Minister Volker Wessing (FDP) has examined a €1 billion expansion in electric vehicle purchase premiums. Handelsblatt (Monday edition) reported a government report in which several research institutes evaluated a draft of an immediate climate protection program. Accordingly, the FDP politician plans to extend the purchase premium for purely battery electric cars or fuel cell cars until 2027.

According to the plans, anyone who buys a car with a maximum purchase price of 40,000 euros should receive a subsidy of 10,800 euros instead of the previous 6,000 euros. In addition, there is a subsidy from manufacturers of 3,000 euros, which they should also continue to give until 2027. For more expensive cars up to 60,000 euros, the ministry plans a bonus of 8,400 euros instead of the 5,000 euros previously promised.

From the second half of 2023, buyers will have to scrap a vehicle with a combustion engine that is at least eleven years old in order to receive full financing. According to “Handelsblatt”, the value of the cancellation bonus can be around 1,500 euros.

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Both relationships are set to decline from 2025 and cost “up to 73 billion euros,” according to the report. Unlike Federal Economy Minister Robert Habeck (Greens), Wesing wants to keep promoting plug-in hybrid buying through 2024 and not end it this year. He wants to halve the support to 2,250 or 1,875 euros depending on the purchase price.

According to the coalition agreement, all purchase subsidies should actually end in 2025. It was also agreed in the coalition agreement that subsidies would have to decrease continuously until then. Accordingly, only 5.9 billion euros were planned in the budget.

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