Auto – Faced with a dizzying fall in EV sales, which is affecting its industrial flagship, Germany is trying to stop the massacre by authorizing a tax reduction on electric company cars
July’s results weren’t great, August’s are atrocious. In the first month of the holidays, EV sales were down 37% compared to the same month in 2023. In August, the drop is 69% compared to the previous year.
As we know, this drop is the consequence of the sudden end, last December, of the purchase aids that the German government had been offering until then. It is in this context that the VW group, which necessarily has its weight on the country’s economy, publicly announces that business is not going well, and breaks the taboo of possible factory closures on German territory. Panic on board!
Tax deductions
Coincidence or not, the German government has just introduced a measure that it hopes will stop this electrical haemorrhage. The idea is to increase the deductibility that companies benefit from to 40% of the value of the new vehicle, at least in the first year. The beneficiaries of these cars, who normally see their taxable income slightly increased as a benefit in kind, will also benefit from favorable measures. Finally, the ceiling value of vehicles that can benefit from the measures increases from 70,000 to 95,000 euros. With these(…) - 20minutes
Also read:
Modern R17 to be the Star of the Paris Motor Show
Barely delivered, Alonso’s Valkyrie leaves as a tow truck
This Porsche Grail is for sale
