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German Electric Cars Narrow Cost Gap to Combustion Models with Record Discounts

Steep price cuts alongside planned company car tax breaks are bringing battery vehicles close to petrol alternatives on price.

(250326) -- BEIJING, March 26, 2025 (Xinhua) -- BMW i5 electric cars roll off the assembly line at the Dadong plant of BMW Brilliance Automotive in Shenyang, northeast China's Liaoning Province, Jan. 8, 2024. (Xinhua)
Der Preisabstand zwischen E-Autos und Verbrennern ist einer neuen Berechnung zufolge auf den tiefsten Stand seit 2020 gesunken. Ein Elektroauto sei nur noch 3655 Euro teurer als ein Verbrenner, erklärte Auto-Experte Ferdinand Dudenhöffer.
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Overview

  • The price gap between electric and combustion cars shrank in May to €3,655, marking the smallest differential since 2020 and leaving EVs just 11% more expensive.
  • Dealers offered an average 17.4% discount on new battery vehicles last month, the highest level recorded by Autoexperte Ferdinand Dudenhöffer.
  • Average transaction prices for electric cars fell to €36,519 as manufacturers and retailers boosted rebates to counter a 2.4% drop in overall German auto sales.
  • Tesla’s Model 3 was removed from the latest comparison data, shifting the benchmark toward more affordable models from Kia, Volvo, Toyota and Ford.
  • The government’s plan for shorter depreciation periods on company EVs and the arrival of cheaper foreign electric models are expected to maintain sales momentum.