2024-09-04 13:29:08
Automotive
Economy
Business

Struggling German Automotive Industry Faces Declining Sales, Particularly for Electric Cars

Image used under license from Shutterstock.com

The German automotive industry is facing a significant decline in sales, especially for electric cars. The lack of new orders has led to a 'free fall' in the mood within the industry, according to the Ifo Institute.

The VW works council is opposing the company's austerity measures, rejecting plant closures and job guarantee cuts. The Federal Motor Transport Authority and consulting firm EY do not see a sustainable recovery in the new car market.

In response, the German government is planning to introduce tax incentives to boost the sales of electric cars as company cars. These measures are part of a 'growth initiative' aimed at offsetting the decline in demand for electric cars after the discontinuation of the environmental bonus due to budget constraints.

The government hopes that these tax incentives will stimulate demand, as company cars are also important for the used car market. However, critics argue that the new measures primarily benefit luxury company cars.

Despite the challenges, the government's goal of having 15 million electric cars on German roads by 2030 remains ambitious.

Tagesspiegel
4. September 2024 um 11:23

Economy: Automotive industry 'in free fall' - E-cars as slow sellers

The German automotive industry is struggling with weak sales figures, especially for electric cars. According to the Ifo Institute, the mood is 'in free fall' due to a lack of new orders. The VW works council is resisting the group's austerity measures and rejects plant closures as well as cuts to job guarantees. The Federal Motor Transport Authority and consulting firm EY see no sustainable recovery in the new car market. The German government is planning to introduce an environmental bonus for..
n-tv.de
4. September 2024 um 05:41

Federal government wants to promote electric cars as company cars with tax incentives - n-tv.de

Politics
Economy
Environment
Technology
The federal government is planning tax incentives to promote the sale of electric cars as company cars. This is to be achieved through a special depreciation for companies and an increase in the gross list price for company car taxation. These measures are part of the "Growth Initiative" of the traffic light coalition and are intended to offset the decline in demand for electric cars after the end of state subsidies (environmental bonus) due to budget constraints. Economics Minister Robert Hab..
Tagesschau - Wirtschaft und Börsen-Nachrichten
4. September 2024 um 13:35

Tax advantages in the millions How the electric car market is to be boosted

Economy
Politics
Environment
As of September 4, 2024, 2:27 pm The federal government wants to boost the sale of electric cars with tax breaks. Because since the environmental bonus expired a year ago, the number of electric cars bought as company cars has dropped significantly. The sale of electric cars has collapsed: The number of newly registered electric cars in August of this year fell by 69 percent compared to the previous year. This emerges from current data from the Federal Motor Transport Authority. "Even before the..
AFP
4. September 2024 um 10:50

Sales Assistance: Companies Should Be Able to Depreciate Electric Company Cars - Even More Expensive Ones - Faster

Politics
Economy
Environment
The federal government wants to boost the sale of electric cars through a special depreciation rule and higher price limits for the lower tax rate. New registrations have recently declined sharply. Environmental associations criticize that the measures primarily promote expensive luxury company cars. The Association of the Automotive Industry (VDA) under President Hildegard Müller, on the other hand, welcomes the measures as an important signal.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!