CAR study: Prices of electric cars and combustion engines are converging

New car buyers in Germany currently have to dig deeper into their pockets for an electric car than for a comparable model with a combustion engine. However, as the latest discount study by the Centre Automotive Research (CAR) shows, the gap is narrowing.

The study analysed the prices of the 20 most popular electric models in October, including the discounts granted, and determined an average transaction price of 39,789 euros. Although this means they cost an average of €6,584 more than comparable new cars with a combustion engine, the gap has narrowed significantly compared to the previous month. In September, BEVs cost an average of €40,528, while ICEs cost €33,024. The price difference between the two drive types has therefore decreased by 920 euros from September to October alone.

According to the study management, this development is primarily due to price reductions for electric vehicles and price increases for combustion engines. It is assumed that this trend will continue in the near future. The background to this development is the EU’s further tightening of CO2 regulations, which are forcing car manufacturers to increase the proportion of low-emission new cars in order to avoid fines. Source: www.automobil-produktion.de

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29.10.2024   |  

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