Funding for electric cars

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Electric cars are supposed to help the environment, but they are quite expensive compared to traditional cars. In order to create incentives to switch to e-mobility, the state and manufacturers have created subsidies. These subsidies are available for the purchase or leasing of electric cars as well as for hydrogen cars. But how much is the funding and how do you apply?

These electric cars are subsidized

Subsidies are intended for electric cars as new vehicles, used vehicles and also for leasing vehicles. For new vehicles, the amount of funding depends on the net list price of the vehicle as a basic model. The same applies to leasing vehicles.

However, only vehicles with a leasing contract of more than 24 months receive full funding. For leasing contracts with a shorter term, only reduced subsidies are approved. At used cars Funding is also possible. However, the prerequisite is that the vehicle is not older than one year and has not already received funding.

Promotion for new cars.

Since the beginning of 2023, only fully electric vehicles that run on a battery or fuel cell have been funded. So-called plug-in hybrids no longer receive funding.

With the purely electrically powered ones New car The funding in 2023 is €4,500 for new cars with a net list price of up to €40,000. New cars with a net list price between €40,000 and €65,000 receive €3,000 in funding. The manufacturer bears half of the funding. In 2024, only electric cars with a net list price of up to €45,000 will be funded.

At the leasing New or young used vehicles are only eligible for funding with a contract term of at least 12 months.

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Funding for used electric cars

Used electric cars can also be funded. However, only if the vehicle was first registered no more than a year ago and the vehicle has a maximum of 15,000 km mileage and it was purchased from a vehicle dealer who bought the car for his own account sold. Of course, the vehicle must not have received any funding yet.

Application for funding is only possible after admission

The admission date always determines the amount of funding. In 2023, both companies and private individuals, foundations, associations and corporations will be able to apply for funding after approval. Therefore, only the funding guidelines that are valid at the time of admission are relevant. The time of conclusion of the contract or the time of purchase are not decisive.

If there are delivery difficulties and the guidelines change in between, only the funding at the time of approval will be applied.

Requirements for a successful funding application

Only the owner of the vehicle can apply for funding. The manufacturer's share must also be clearly stated in the order or contract. The funding application must be submitted no later than one year after approval, and the applicant must remain approved for at least 12 months.

When leasing, a longer holding period of 24 months applies with a contract term of at least 24 months. From September 2023, only private individuals can apply for funding.

This is how you apply for funding for an electric car

Before you can apply for funding, the vehicle must be purchased or leased and registered.

  • The application can then be submitted online on the website of the Federal Office of Economics and Export Control (BAFA) within one year.
  • Interested parties can find out on the website which documents must be enclosed with the application. These can also be submitted by email.
  • Personal data can be entered there directly. The personal federal user account also works for certain groups of people.
  • Applicants must then provide their vehicle identification number in the internet portal and agree to an exchange of data between the Federal Motor Vehicle Authority (KBA) and BAFA.
  • Finally, the applicant must then declare that all information has been provided truthfully and sign it. He will then receive a confirmation email with a link to his application.

The subsidy for electric cars is quite easy to apply for if the requirements are met.

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