Bargain alert: Buying an electric car? Three factors will cause prices to drop dramatically next year
Anyone thinking about buying an electric car, or better yet, leasing one, will have to wait until 2025. Because three factors will most likely make electric vehicles particularly cheap.
The success of e-mobility still varies widely internationally and is also highly dependent on subsidies . An instrument that many countries use in addition to subsidies to get more electric cars on the road is the artificial increase in fuel prices through higher CO2 taxes. These plans are mainly pushed by green parties, which have recently lost a lot of support in the elections in Germany and also at the EU level. It is therefore unclear to what extent electric cars can be financed in the future at the expense of other motorists and to what extent petrol and diesel can be made more expensive without risking the adoption of increasingly strict climate policies.
When it comes to electric cars, it’s not just operating costs that are critical
But even without this market disruption, electric cars are already cheaper to run than combustion engines in many European countries. In Germany the advantage is smaller due to high electricity costs , but often still present. For those who do cool calculations: electric cars are already the better option in many cases, or at least an option worth considering. – especially if you rarely need to source electricity from expensive public fast chargers.
Anyone who wants to switch to… Electric car However, you should be aware of three trends that are currently building and will likely lead to enormous sales pressure for electric car makers in the coming year. Is called: Even without new “purchase bonuses”, 2025 will most likely be a bargain year for electromobility. FOCUS online explains why this is so.
1. Leasing yields are flooding the market and driving down prices
A major problem with the first generations of electric cars is the poor practical range and sometimes low charging speeds. These and other factors cause electric vehicles to lose a lot of value . “This is causing a real tsunami for our dealers,” the senior manager of a German premium manufacturer told FOCUS online. The sales pressure is therefore high and will increase considerably in 2025. Hambug sports car and luxury car dealer Benjamin David of “David Finest Sports Cars” tells FOCUS online: “The fact is that the car dealers who have their warehouses full of vehicles have to watch as they dismantle them. With the currently relatively high interest rates at which cars have to be financed from external banks, people are naturally interested in reducing inventories as quickly as possible. This causes prices to drop.”
Diesel, petrol, electric – which used car does no one buy from you?
You can quickly make a bargain on young second-hand cars if you don’t necessarily want the latest electric car. Thanks to the usual warranty of a battery life of at least eight years, you can also use an electric vehicle that is three to four years old without any problems.
2. Car manufacturers need to put many more cars on the market
Even though this has long been criticized by scientists: the EU continues to insist on ignoring the actual emissions of electric vehicles and treating them as ‘zero-emission’ vehicles in car manufacturers’ fleet calculations; regardless of how the electricity needed for charging is actually produced. This means that manufacturers with a high share of petrol and diesel vehicles produce approx Volkswagen and Audi – must significantly increase their electric car quotas to avoid climate fines on Brussels. By 2025 the problem will become significantly worse, so that car manufacturers have to bring large numbers of new vehicles to the market. Because the quickest and easiest way to do this is through attractive leasing offers, you can get more of them next year at the latest.
3. New models and competition from China
There will already be many new electric cars this year and from 2025 the new car market will finally explode. Numerous new and relatively cheap electric vehicles are coming onto the market, for example the Fiat Grande Panda, Renault 5 E-Tech, Kia EV3 or Hyundai Inster. There are also plenty of new models China of MG, BYD, XPeng, Omoda and other brands. Here too, competition stimulates business and ultimately puts pressure on prices.