Price gap narrows between combustion and electric cars in Germany
The price gap between electric cars and combustion vehicles is narrowing in Germany, according to calculations by industry expert Ferdinand Dudenhöffer.
When comparing the most popular models, the gap is now under €3,000 ($3,494), taking into account discounts and other pricing instruments, Dudenhöffer said. Just a year ago, it was more than double that amount.
The comparison is based on the average price of the 20 most popular models, including discounts. Therefore, the vehicles are not directly comparable one-to-one. However, the significant change in the gap clearly shows how the pricing situation is evolving.
“The electric car is making its way in Europe and Germany,” said Dudenhöffer. “The price development is a very decisive factor.”
The drivers of this change are, on the one hand, rising list prices and lower discounts for combustion vehicles, and on the other hand, falling list prices and higher discounts for electric cars, Dudenhöffer explained.
Specifically, the average discount levels for combustion vehicles and electric cars are currently practically equal at some 17%. As recently as January, the discount level for electric cars was still some three percentage points below that of combustion vehicles.
