EV subsidy and private lease: the benefits and conditions

The subsidy for private purchase or private lease of electric cars will be available again in 2022. Special conditions are attached to a subsidy for a private lease. What is it again and what benefit does it give you?

Anyone wishing to qualify for a subsidy for the purchase or private lease of an electric car this year quickly missed the mark. In the first week of 2021, the jar was already empty. Don’t worry, because next year there will be another chance, although the subsidy will be lower. That was $4,000, it will be $3,700. If you buy an electric car, it is directly deducted from the purchase price. With a private lease, it is paid out monthly, over four years. Again, the list price of the electric car may not be higher than €45,000 and not lower than €12,000. However, there is no car that is below that minimum amount, but there are plenty of cars that are above the €45,000 limit.

We take the Private Lease Comparer and take one of the cheapest EVs for a calculation example, the Dacia Spring. You can lease it privately from €256 per month, with a 60-month contract and a maximum mileage of 10,000 km per year. Over the total period you will therefore lose €15,360. With the subsidy, €11,660 remains, or €194,33 per month. A difference of over €60 or about 24 percent per month. The Dacia Spring is therefore cheaper per month than the currently cheapest private lease cars: the Citroën C1 and Peugeot 108.

Dacia Spring

Dacia Spring

The subsidy is, of course, always a bonus, but of course it makes the biggest difference for the cheapest electric cars. By way of illustration: with a Hyundai Ioniq 5, the subsidy ensures a minimum monthly amount that decreases from €519 to €457.33. In an absolute sense it saves you just as much, but in percentage terms the advantage is only about 12 percent.

Conditions

In addition to the aforementioned conditions, the government sets a number of preconditions in order to receive the subsidy. For example, the car must have a WLTP range of at least 120 km. However, almost all new electric cars meet this requirement. The contract may also only have entered into force on 1 January 2022 or thereafter. It is therefore not possible to lease a car privately now and then take advantage in 2022. You can count on it that at the beginning of next year it will be busy again at the ‘subsidy desk’, which will not open until 3 January 2022 at 9:00 AM. It is also important that the car has not been previously registered under a different name at the start of the lease contract. Then the car can be regarded as used and you will not receive a €3,700 but a €2,000 subsidy. The car must be registered, authorized and registered on the same day. Finally, the company from which you are leasing the car must be affiliated with the Private Lease Quality Mark.

More information about a subsidy for private lease of an electric car can be found on the website of the national government. Want to see for yourself what you spend per month per electric car? Then take a look at the Techzle Private Lease Comparer.

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