‘Be careful when purchasing an electric car at the end of the year’

Missing out on subsidies

‘Be careful when purchasing an electric car at the end of the year’

In previous years we saw a big run on electric cars right around the turn of the year because of the addition, but now it is wise not to wait until the last minute. The Bovag warns about this.

You may still remember; Four years ago, just before New Year’s Eve, there was a lot of activity on the electric car market. After all, one could quickly register an EV that qualified for the favorable additional tax rate of 4 percent. Partly thanks to various actions by car manufacturers, many people were there at the last minute. A ship full of Tesla’s Model 3 also arrived just before New Year’s Eve. It won’t be that crazy this year. Sales of new electric cars are somewhat disappointing and there are no immediate benefits to be gained, except of course with the SEPP subsidy.

Precisely because of this subsidy, the Bovag recommends not buying an EV at the very last minute this year. Although there is still more than enough money in the subsidy pot, so there is no need to be in a hurry in that respect, but the pot will close sooner than you might think. It does not close at the end of December 31, but a little earlier, on December 29. Then there is a brief pause, during which no subsidy is paid out at all: “Agreements signed between 12 noon on December 29, 2023 and January 1, 2024 are not eligible for subsidy,” the Bovag warns. Although SEPP subsidy will be available again in 2024, you may fall through the cracks.

There is currently more than €28 million in the SEPP pot for new electric cars. The subsidy for used EVs is almost over.

– Thanks for information from Autoweek.nl

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