Seller used electric cars more expensive than purchase price

Already in September, news was able to report that the used car market for electric cars is red-hot, due to several things: Long delivery times for new cars Few “new” used cars for sale because many people have owned the car for a longer time Increased prices for raw materials and greater uncertainty in Europe But now the market may become even more uncertain. The government is proposing to introduce several new taxes on electric cars. – The market is burning hot now, and there are problems in getting hold of cars for everyone who wants them, says car dealer, Ole Kristian Os in Bodø. The Electric Vehicle Association believes that many people try to buy a new electric car before the New Year. The government proposes to introduce these new taxes on electric cars To introduce VAT for electric cars on the part of the purchase price that is over NOK 500,000. This move has also previously been announced. To introduce a charge for the car’s weight in the one-off tax for all passenger cars. The fee is proposed at NOK 12.5 per kilogram of the car’s net weight over 500 kilograms. To equalize electric cars and other cars in the taxation of company cars. To reduce the advantage of having an electric car in toll projects. Today, electric cars pay a maximum of 50 percent of the normal rate in the toll rings. The government proposes that the maximum price be set at 70 per cent of the ordinary rate. The re-registration fee for electric cars will be the same as for other cars. – Earned NOK 40,000 Daniel Svartis Photo: Private photo Daniel Svartis from Bodø is one of those who has recently sold an electric car in the private market. It turned out to be a good store for him. – I actually earned NOK 40,000 on it. It’s great, he says. – What do you think about the fees that may come on electric cars after the New Year? – Some taxes must come sooner or later. But that will slow down second-hand sales, so it may be a bit early right now that it has picked up a bit. – Hot now According to Statistics Norway, two-thirds of new passenger cars in Norway are electric cars. Norway’s best-selling car is Tesla. – What we see now is that those who have been sitting on the fence and waiting have now gained a little extra momentum to try to get hold of a car before the New Year. We noticed a much bigger push after 6 October, continues Os in Sveins Auto in Bodø. – We notice that people do not want to pay the increased one-off expenses that will come in January if the proposal goes through, says Ole Kristian Os at Sveins Auto in Bodø. Photo: Privat Since the proposal for a tax increase last week, they have sold most of the vacant electric cars they had. I think the market will cool Christina Bu, general secretary of the Electric Vehicle Association, says it is a very uncertain market now. She believes this gives the seller an advantage. Nevertheless, she has faith that the market will cool down. – There are different factors that will have different effects on the used car market. But in summary, I think we will see a cooling in used car prices for electric cars in the future. – We must remember that a market is never larger than 100 per cent and now there is great uncertainty in society, says Christina Bu, secretary general of the Electric Vehicle Association. Photo: Norwegian Electric Vehicle Association There have been abnormally high prices for used electric cars for quite some time now. At the same time, new electric cars are constantly arriving in Norway. And because the Norwegian krone is strong against the euro, Norway is prioritized when the electric car manufacturers send their cars. Therefore, there are not delivery problems on all models, although we hear about individual models where this is quite extreme, explains Bu. By 2025, all new cars sold in Norway must be zero-emission cars. But is it more environmentally friendly to drive an electric car than one with a combustion engine? This will reduce the pressure on the sale of used electric cars. But there are also factors that pull in the other direction. Among other things, Bu says that several car importers in Norway will sponsor the VAT by lowering the price to 500,000 on cars that would normally cost more than that. – I think there are quite a few factors that more than make up for any higher taxes on electric cars from next year, even if there are things that speak in both directions. Do you think the second-hand market for electric cars will cool down? Yes ? No ? I don’t know ? Show result Do you think more people will choose fossil cars Os in Sveins Auto says that there has been little predictability in the tax policy on electric cars for the industry. He thought there should be a tax exemption until 2025 in order for the government to achieve the goal of all new cars sold in Norway being zero-emission cars. Now he finds that more customers who want an electric car choose a fossil car because they cannot get the electric car before the new year. And the electric car dealer cannot put two lines under the price of the cars before the New Year either. – Most people want a car now, which means that they may be looking at other options. Either they sit longer in the car they have, or they buy a fossil car that is available, says Os. Yes, I think so ? No, not with the new taxes ? I have no idea about that ? Show result Daniel Svartis in Bodø already has a new electric car on the way. According to the plan, he will receive it before the New Year. – If there are taxes, it will rise to just over NOK 60,000. It works fine for me, but I think it’s a shame for the development.



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