Volkswagen ID.4 was the best-selling EV in Europe, top 3 in the US last month
Volkswagen’s electric SUV is making a comeback. Last month, the Volkswagen ID.4 topped Tesla’s Model Y to become the best-selling EV in...
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I’d love to buy one aswell, but seriously how are people affording these EVs? At 45k€ this ID4 is just ridiculously expensive expensive for someone like me that has a regular job…
At least in Germany: company cars.
If you get a company car for personal use, you have to pay a bit more taxes, but it's much cheaper than buying new. The result is that 70% of all new car sales are company cars, and most of them are relatively expensive.
Over here in the Netherlands that is the case too. Company leased cars come at the cost of a bit of extra taxes (some might say quite a bit), but the boss pays for the car so it’s a great deal nevertheless. My issue remains though: how do normal people afford an EV? It seems that cars in-general, but EVs in particular have beat inflation by quite a bit when it comes to price increases. How are we supposed to afford a decent car? I earn quite a bit more than average in my country, but besides the fortune I spend on my house and groceries (let’s not even mention vacation) I really cannot even afford the tiniest of VW petroleum car, let alone an ID4 EV.
Company cars are resold after a few years. Car rental companies for example resell often after a year. Since companies buy in bulk, they get rebates and can resell almost new cars for relatively cheap.
That means, a list price is 45k realistically means something like 30k for you and me. Still expensive, but manageable.