New Car Market Study: Due to High Demand: Electric Cars Are Getting More Expensive
Rising fuel prices are making electric cars more in demand - and giving manufacturers room to maneuver on prices. How much the gap with combustion engines is growing.
Electric cars are becoming more popular in Germany but also more expensive. According to a study by the Center Automotive Research (CAR) in Bochum, manufacturers and dealers increased discounts on combustion engine and plug-in hybrid models in October, including popular models like VW Golf, Opel Astra, and Fiat 500. In contrast, discounts on electric cars were smaller, with an average price 16.3% below the list price, compared to 19.6% for combustion engines.
The average price difference between electric and combustion engine cars grew to over 2,900 Euros in October, and buyers of electric cars can also receive state subsidies of up to 6,000 Euros. The Chinese manufacturer BYD offered discounts of up to 38% on its Seal 6 model.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
