Due to disappointing demand
The subsidy within the Subsidy Scheme for Electric Passenger Cars for Private Individuals, or SEPP for short, would decrease by 500 per new electric car in 2024. That is no longer the case: anyone who buys a new EV as a private individual next year can count on a compensation of €2,950, just like this year.
This is evident from documents submitted to the chamber by and for State Secretary Heijnen (infrastructure). The subsidy on new electric cars would be reduced to €2,450 by 2024, but now remains €2,950 per car. This means that the original phase-out speed proposed in 2020 will now be maintained, instead of the ‘accelerated phase-out’ proposed later. Funny enough – or sad enough – this step can be taken ‘budget neutral’. SEPP is linked to an annual budget and due to disappointing demand for EVs, that budget will not be drawn up this year anyway. It is expected that a higher subsidy amount cannot change that fact, especially because the remaining amount this year will be transferred to next year. Bottom line, the government will therefore spend more money than with the proposed subsidy of €2,450, but at the same time the budget is guaranteed not to be exceeded.
The fact that demand for EVs is disappointing is precisely the reason why the subsidy is not being reduced. There is simply not enough demand for EVs and since the aim of SEPP is precisely to stimulate the sale of electric cars, it is only logical that there is a response to this.
It was recently announced that the enthusiasm for the subsidy – and therefore apparently for the new EV among private individuals – is disappointing. This fits in with a larger trend of declining demand for EVs, both in the Netherlands and in Europe. At the start of October, the subsidy pot for new electric cars was still more than half full. The pot for used EVs, to which SEPP also applies, is going a lot faster: a few days ago only 20 percent of it was left. With a used EV, the private buyer is eligible for €2,000 under certain conditions. This will remain the case in 2024, but in this case it will not change the original plans.
– Thanks for information from Autoweek.nl