Since the increased federal subsidy has been so well received, Austria has already decided to extend the funding period by another year, until the end of 2021.
Austria is pushing electromobility further and further! Only in July, the federal subsidy for electric vehicles was raised from the previous 3,000 euros to 5,000 euros, making it even more exciting for many people interested in electric mobility. This new e-mobility subsidy should make it easier to enter the electric future of mobility and will be offered until the end of 2020.
The Austrian Federal Ministry for Climate Protection around the Minister for Climate Protection, Ms. Leonore Gewessler, has now decided to extend the funding measures.
Specifically, it will continue to be possible to receive a subsidy of 5,000 euros for the purchase or leasing of an emission-free vehicle throughout 2021. The vehicle importers support this with 2,000 euros, the Austrian government adds another 3,000 euros. The vehicle value may now even be up to 60,000 euros, previously the limit was only 50,000 euros. The funding period for other electrically powered vehicles, including e-motorcycles and e-commercial vehicles, as well as for the charging infrastructure, has also been extended by 12 months.
Of course, you can also benefit from the extended funding measures with INSTADRIVE. INSTADRIVE takes care of the processing for you and includes the price reductions from the subsidy in the attractive monthly rates, so you do not have to take care of the subsidy yourself with the INSTADRIVE long-term subscription.
However, the joint decision of the Austrian car importers and the Federal Ministry was not entirely unexpected. On the one hand, it is important for the Climate Protection Ministry to further support and accelerate the switch to environmentally friendly drive systems; on the other hand, vehicle manufacturers fear very high CO2 fines from the end of 2020 and thus also want to put many electric vehicles on the road.
Until the end of February 2021, the Austrian government will also support companies in the acquisition of sustainable investments with the so-called investment premium. This can also be claimed for electric vehicles and, leads to a further 14% price reduction in addition to the federal subsidy. INSTADRIVE also secures the investment premium and prices it directly into the monthly rates. This way you can benefit from the investment premium as a private customer as well as a corporate customer.
You can find more information on the various subsidy measures here.
ACTION: €5,000 E-mobility funding in Austria
It is an important day for Austria. The press conference on “The future of e-mobility funding in Austria” took place and INSTADRIVE was there.
Today, June 29 2020 at 12:00 p.m. at Franz-Josefs-Kai 47, 1010 Vienna, the time had come. Ms. Leonore Gewessler from the Federal Ministry for Climate Protection, Environment, Energy, Mobility, Innovation and Technology (BMK), together with Mr. Günther Kerle, the spokesman for the Austrian automobile importers, decided on the new, massively expanded electromobility package.
Electromobility funding 2020
Buying a new car is never an easy decision. There is a lot of money that must be invested. Regardless of whether it is a combustion engine, an electric vehicle, or a mixture of both, whether buying, leasing, or EASING. The jointly agreed funding campaign will support the purchase of cars with electric drives until the end of 2020.
Today, Austria is taking a step towards our future, a step towards e-mobility. Austria is ON OUR MISSION FOR NO EMISSION. From July 1st, 2020 until the end of the year, the subsidy for each electrically powered car will be € 5,000 instead of € 3,000.
The support consists of:
• “E-mobility bonus share” for vehicle importers when purchasing the vehicle, which is granted regardless of any additional discounts from vehicle importers.
• “E-mobility bonus share” (e-mobility funding) from the federal government from BMK funds.
The new e-mobility subsidy is valid from July 1, 2020 until the end of 2020 and has already been stored in our configurator. This means that everyone can benefit from the subsidy for electromobility without the risk of owning the car. That’s what we call a risk-free entry into electromobility.
Together we can get even more electric vehicles on Austria’s roads. Configure your dream car yourself right now.
As an INSTADRIVE customer, you do not need to worry about the funding process, we will take care of everything for you.
Click here for the video of the press conference.
Click here for more information on the new funding package.