Less and less enthusiasm for subsidies for new electric cars

For several months now, the part of the SEPP subsidy pot intended for the purchase or private lease of a second-hand electric car has been used up significantly faster than the part that is intended to make the purchase of a new electric car more attractive. The eagerness with which subsidies are applied for for a new electric car is not only lagging behind, but is also decreasing further. This is evident from our monthly analysis of the figures from the Netherlands Enterprise Agency (RVO). The difference in speed at which the two subsidy pots are drained is increasing.

Used electric car

Of the €99.4 million with which the SEPP subsidy pot was filled at the beginning of this year, €32.4 million was reserved to stimulate the sale or private lease of used electric cars with an original list price (tax value) of up to €45,000. Of that amount, €25.97 million has now been allocated and this means that 80.15 percent of this part of the subsidy pot is already empty. On August 28 – just over a month ago – that percentage was still 69 percent. This means that the subsidy pot for used EVs has become further empty by 11 percentage points in about five weeks.

Purchase subsidies have now been applied for for 12,985 second-hand electric cars. On August 28, that number was still 11,165 used EVs. In about five weeks, a budget was requested for 1,820 electric used cars. There is still €6.43 million left, good for another 3,215 used electric cars. You can receive a financial compensation of €2,000 on the purchase of a second-hand EV.

New electric car

While 80 percent of the subsidy pot for second-hand EVs has been spent, more than half of the SEPP subsidy budget that should stimulate the purchase of a new electric car with a tax value of up to €45,000 is still left. Narrowly, by the way. Of the €67 million reserved, €33.05 million has been allocated. So 49.3 percent. Five weeks ago – on August 28 – this percentage was still 47 percent. This means that the subsidy pot for new EVs has only become empty by 2.3 percent in about five weeks. Between July 20 and August 28, the extent to which the SEPP subsidy pot for new EVs was still filled decreased by 6 percentage points.

SEPP subsidy has now been applied for for 11,203 new electric cars. On August 28, that number was still 10,671 units. Over the past five weeks, subsidies have been applied for for only 532 new electric cars. There is still €33.35 million (50.7 percent) available, good for 11,508 new electric cars.

Of the total subsidy pot of €99.4 million, €59.02 million (59.4 percent) has been allocated. There is still €40.38 million available (40.6 percent)