Everyone is getting something with the federal government’s big stimulus package. But the German auto industry was unable to implement its will. What are manufacturers, investors, experts and environmentalists saying?
The biggest recovery plan of the post-war period has been decided. It contains a number of large items and smaller items. But one thing is missing: The buy-in premium for clean new cars of all kinds, which is vehemently claimed by the auto industry, will not exist. Instead, the federal government doubled its share of the electric car premium to 6,000 euros. The agreement stipulates that the manufacturer’s share in the premium (up to 3,000 euros) remains unchanged. Thus, the purchase premium is up to 9,000 euros. There is no money for cars with a purely internal combustion engine – but for cars with a plug-in hybrid. An overview of the reactions.
“In the field of electric mobility, the € 6,000 is a very powerful boost for pure battery-powered cars,” says Prof. Dr. Ferdinand Dudenhöffer. However, industry expert from the Customer Insight Institute (ICI) at the University of St. Gallen warns: “Let’s see to what extent automakers are cutting their current subsidies for electric car premiums. I wouldn’t rule out that. ” This would mean that the entire possible premium up to 9,000 euros does not reach the customer.
In addition, the electric car boost affects only a small submarket, which is probably five or ten percent of the overall market. “The big boost for the remaining 90% is missing, and it is precisely those 90% that move our economy and our social product.”
Industry expert Ellen Enkel sees it the same way. Supporting electric cars in particular would be of little use to German companies: “It will mainly benefit foreign manufacturers”. The reason: only one in four of the eligible electric models would be German. Find out how Germany’s top economists assess the package here.
This is what environmentalists say
No promotion of the burners – a decision with big loopholes, criticize environmentalists. “The additional funding for vehicles with plug-in hybrid technology is a purchase premium for combustion engines through the rear door,” says Jens Hilgenberg of the environmental organization BUND. These cars combine a gasoline engine with an electric drive – and often drive in burner mode.
A hidden buying bonus for combustion engines – even parts of the industry confirm its existence. Dirk Vogel of the automotive industry network in Saxony, for example, is not disappointed with the lack of funding for diesel and gasoline engines: “There is an incentive to buy due to the reduction in VAT”, explains Vogel in the MDR.
Still, the combustion engine is the big loser, says Greenpeace climate specialist Tobias Austrup. “Political support has been lost in the technology elimination model.” Greenpeace also criticizes the increase in the premium for plug-in hybrids as ecologically absurd. Environmentalists call the economic stimulus package “at best pale green”.
This is what car manufacturers say
Despite all the demands, no purchase premium for combustion engines – the great and so reliable media machine of the automotive industry has failed. However, you don’t notice it the next day. “We welcome the economic stimulus package and the overall economic impact for the country,” said BMW CEO Oliver Zipse. “The temporary reduction in VAT is an important measure to get demand in Germany back on track,” says the Automobile Industry Association (VDA).
And what may seem obvious to many is worth a message to the association: the members of the VDA want to pass the price advantage of the VAT reduction in full to customers.
This is what investors say
Financial market analysts viewed the decision to subsidize combustion as a disappointment. For example, Jose Asumendi of US bank JPMorgan spoke of a negative surprise. Investors are also showing little enthusiasm for the emphasis on promoting cleanliness: the value of Daimler, BMW and Volkswagen shares fell 6.7%.