autos, cars, autos volkswagen, german auto stimulus to boost vw's electric push

BERLIN/FRANKFURT: Germany unveiled sweeping incentives for cheap electric cars and for hybrid vehicles, providing a boost to Volkswagen’s electric push while staggered taxes for polluting combustion-engined cars will penalise sports utility vehicles.

Buyer incentives for passenger cars, including a lowering of value added tax to 16% from 19% were included as part of a €130 billion (RM623bil) stimulus package to speed up Germany’s recovery from the coronavirus.

In addition to a staggered tax on vehicles emitting large amounts of carbon dioxide (CO2), hitting sports utility vehicles, Germany included a €6,000 (RM28,737) incentive for battery electric cars costing below €40,000 (RM192,000).

This brings consumer incentives for electric cars to €9,000 (RM43,105) once a €3,000 (RM14,369) manufacturer stipend is included, but the €40,000 price threshold means premium carmakers like BMW, Mercedes, and even Tesla are not eligible for the full amount.

Tesla’s Model 3 retails starting at €43,990 in Germany while prices for the Mercedes EQC start at €71,590 and Audi’s E-Tron prices start at around €69,900.

The stimulus will benefit mainly cheaper electric cars like Kia’s e-Niro, which starts at €34,290 while VW’s new ID3 model will cost €29,990 when it launches this summer. Peugeot’s e-208 GT, costing €36,600, will also benefit.

In Germany, electric cars made up 1.8% of new passenger car registrations last year, with diesel and petrol cars accounting for 32% and 59.2% percent respectively. Hybrid cars made up 6.6% of new registrations in 2019.

Germany said its motor vehicle tax will be reformed. From January 2021, cars with an emission of more than 95 grams of CO2 per kilometre will face a staggered tax.

Keyword: German auto stimulus to boost VW's electric push

CAR'S NEWS RELATED

2023 Kia Sportage, Toyota BZ4X headlines this week's new car reviews

The 2023 model year ramps up with Toyota’s first dedicated electric vehicle and Kia’s first hybrid iteration of its bestselling Kia Sportage. Here’s what else moved us this week.  The Sportage sizes up for 2023, with sharper, more futuristic styling, a hybrid model, and new rugged X-Pro trims. It ...

View more: 2023 Kia Sportage, Toyota BZ4X headlines this week's new car reviews

This 2022 Kia SUV Comes In Dead Last in Rankings

The 2022 Kia Sorento is one of Kia’s popular SUVs. It’s a three-row midsize SUV with plenty of room and a stylish exterior. Yet things with the Kia Sorento are not all great. Consumer Reports reviews of the 2022 Kia Sorento have it in last place of all midsize three-row ...

View more: This 2022 Kia SUV Comes In Dead Last in Rankings

Spain: Plug-In Car Sales Maintain 10% Share

The Tesla Model 3 appears to be the most popular BEV model in early 2022. New passenger car registrations in Spain decreased in April by 14% year-over-year 70,393, after a 31% decrease in March, resulting in 61,225 sold that month. A similar situation is noted also in other European markets ...

View more: Spain: Plug-In Car Sales Maintain 10% Share

Florida Man WaterskiIs Barefoot Behind a Formula One Car on Its Way to the Miami Grand Prix

The team at Red Bull Racing sure has fun in their Formula One cars for the “Road Trips” video series. Episodes range from Max Verstappen ice racing on spiked tires to Daniel Ricciardo blasting across the USA at top speed. For the first-ever Miami Grand Prix, Red Bull driver Sergio ...

View more: Florida Man WaterskiIs Barefoot Behind a Formula One Car on Its Way to the Miami Grand Prix

Hot Tires Alert: The Jeep Wrangler 392 Is Getting a Burnout Mode

Some people like to make an entrance, but with the Jeep Wrangler Rubicon 392, you can create one heck of an exit. Word on the street is that the 2022 Jeep Wrangler 392 and the Ram 1500 TRX could be getting a 4LO burnout mode.  The Jeep Wrangler 392 gets ...

View more: Hot Tires Alert: The Jeep Wrangler 392 Is Getting a Burnout Mode

Happy Mother's Day: One Thing Is For Sure, Elon Musk Loves His Mom

Musk told reporters at the recent Met Gala that he only attended because his mom wanted to go, so, of course, he took her. This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor ...

View more: Happy Mother's Day: One Thing Is For Sure, Elon Musk Loves His Mom

Tata Nexon EV Ready To Launch On May 11

Tata Motors is all set to announce the long-range Nexon EV prices on May 11, 2022. According to sources, the long-range Nexon EV will get a 30 percent larger battery than the current model and will have a claimed range of around 400km. It will also have some new ...

View more: Tata Nexon EV Ready To Launch On May 11

Peugeot Sport’s 9X8 hypercar won’t be in Le Mans race, to debut later in 2022 WEC season

Last year, when Peugeot Sport announced its new program to develop the 9X8 hypercar for endurance racing, it expected to join the World Endurance Championship in 2022. However, the team decided to forego the first two rounds, at Sebring and this weekend at Spa-Francorchamps, and was planning to debut ...

View more: Peugeot Sport’s 9X8 hypercar won’t be in Le Mans race, to debut later in 2022 WEC season

Only 1 Dodge Model Is Recommended by Consumer Reports

Do You Need an OBD2 Scanner?

Tesla Model 3 Performance Puts Up A Great Fight Against Lamborghini Urus

Why ‘really tough’ Miami strategy will have F1 teams thinking

Howell Is Elite At Rocket Raceway Park

2022 Maruti Suzuki XL6 with a wide-body kit: What it’ll look like

Rosario Highlights NOW600 Winners At Port City

Cummins Wins POWRi At Macon Speedway

Anderson Wins Again In Salt Lake City; Craig 250SX Champion

Laney Wins, Claims California Clash Title

Twitter to have “extreme” work ethic expectations for its employees, says Musk

Toyota Land Cruiser 300 Looks Menacing With Carbon Fiber Body Kits

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network