Study shows electric and petrol car prices narrowing in Germany

The worth hole between electrical automobiles and comparable combustion engine fashions in Germany is narrowing, in line with a brand new automobile market research launched on Wednesday.

The worth distinction among the many 20 prime fashions on the German market shrank by round €1,100 ($1,153) in November in comparison with October, a research by the non-public Centre for Automotive Analysis (Automotive) confirmed.

On common, new automobile patrons nonetheless must pay a further €5,583 for a completely electrical battery automobile in comparison with a combustion engine one. The so-called transaction costs, that are the record costs minus overtly marketed reductions, have been taken under consideration.

In accordance with research chief Ferdinand Dudenhöffer, EU rules are forcing producers to promote a proportionately larger variety of electrical automobiles from subsequent yr. In any other case, they face excessive penalty funds. Delaying the regulation’s begin, as demanded by the trade, would as soon as once more decelerate the gross sales of electrical automobiles, the automobile professional warns.

For the approaching months, the centre expects a slight enhance within the electrical automobile share within the German market. In October, it stood at 15.3%. Nonetheless, the abrupt finish of the state environmental bonus for buying electrical automobiles initially of the yr continues to have an impact.