The subsidies and incentives on the Renault Zoe make it an almost free EV in the country’s auto market

European car customers can now access the newly engineered electric cars at a subsidized price. This move is possible because of the government subsidies and the EU incentives, which have made the vehicle appear superfluous and cost-effective.

Customers are joining the webinar showrooms all over France and Germany after their governments instituting incentives and subsidies for the EVs. These two countries are Europe’s biggest car markets. Seemingly, the transition to EVs is inevitable with these two pioneers championing for this move. 

BloombergNEF reports that these two nations have the most customer-friendly prices globally. 

The German government is ready to let Autohaus Koenig market Renault Zoe EV and the payment method for this car. Autohaus Koenig is a car marketer with over 50 branches in Germany. This distribution by the firm makes it the most suitable supply chain for these incentivized cars. Twenty days after marketing, the vehicles have witnessed over 2000 inquiries and approximately 200 signed deals.

The head of EV sales for Autohaus Koenig in Berlin, Wolfgang Huber, substantiates that more transactions would be recorded if only the staff exceeded the current number. He says that they did not anticipate such an efficacious sales period, especially after introducing incentives.

Chancellor Angela Merkel and President Emmanuel Macron evaluate how to recuperate the car industry from the unprecedented coronavirus impact. Europe’s sales are picking up at a sluggish rate in Europe than in North America, causing lawmakers to focus their attention on the primary sources of job opportunities.

Nonetheless, the Renault model sales in France are trailing on a couply increase, leading to the tailing of the ICE vehicles in terms of demand. In the Netherlands, the busy Amsterdam city is prohibiting the ICE cars beginning 2030, a move that has attracted an expenditure of US$11.4 million to finance the influx of EVs in less than a fortnight.

BloombergNEF’s analyst Aleksandra O’Donovan states that the increasing subsidies and incentives are escalating demand for electric cars. He adds that the EU is going ahead in an abrupt move to transition to clean transportation after cataclysmic support from the novel coronavirus pandemic.

Finally, Germany is witnessing a substantially high EV sales courtesy of the government incentives and subsidies on these cars. One of the country’s virtual car market website, Carfellows, is experiencing high sales volume due to the approximately 9000 euros’ incentives imposed on each EV. Carfellows spokesman Rainer Westdoerp submits that this is the whooping climax in sales since the launch of the startup.