Services & Resources
SUBSIDY & TAX
Although many countries are offering subsidy programs to incentivise the switch to electromobility, the benefits in Germany are among the most attractive. With offers ranging from purchase grants as environmental bonuses1 to savings on car tax2 find out below how your choice can pay off.
In Germany, switching to electromobility is incentivised with an environmental bonus¹. The purchase of an all-electric model is currently subsidised as follows: the subsidy is up to 4.785 €; (federal share: 3.000 €, Genesis share: 1.785 € incl. VAT). Prerequisite for the granting is a holding period of 12 months from 01.01.2023. If the vehicle is registered after 01.09.2023, only private individuals are eligible to apply.
Current law states that all fully electric vehicles registered for the first time between now and 2025 are exempt from vehicle tax until 2030, starting from the day of registration.²
When a company car is used privately as well as for work, the tax is based, among other things, on the car’s gross list price. All fully electric Genesis models are eligible for a generous 50% tax deduction. The same principle applies to those drivers taxed via vehicle log.³
Another advantage when driving a fully-electric vehicle is the eligibility for e-plates. These special license plates can be used for all fully-electric Genesis models. E-plates allow drivers to enjoy numerous benefits, such as free parking and use of the bus lane.⁴
Many first-time buyers of fully electric vehicles do not take advantage of the environmental bonus. To make sure that your switch to electrified driving pays off, contact us today. We're more than happy to support you on your electrified journey.