The climate bonus is removed completely - so the used market is affected

Since the Bonus Malus was introduced in 2018, the regulations have been changed several times. Fewer cars have been covered by the bonus, the bonus has been lowered and the malus has been raised. And despite the fact that an adjusted regulation was supposed to take effect after the turn of the year, the Government has now chosen to completely stop bonus payments for electric cars from November 9.

In its press release, the Government writes that: "The cost of owning and driving a climate bonus car is also starting to be comparable to the cost of owning and driving a petrol or diesel car. A state market introduction support is therefore no longer justified". However, the malus rules and rules on vehicle tax remain as decided.

How the decision will affect the used market

Even though the climate bonus only covers new car sales, it also has an impact on the used car market.

"For those who want to buy an electric car, used cars will probably now be more attractive than before, as the discount in the form of the climate bonus is removed from new car prices. And it is the cars with lower price tags that are hit hardest by the bonus disappearing, since the bonus accounted for a larger part of the cost. But manufacturers have now come a long way in development and more affordable, electrified models should be coming soon," says Daniel Odsberg, sales manager at Kvdbil.

More electric and plug-in hybrids to come

More and more electric and plug-in hybrids are being sold on the used market. Up until the third quarter of this year, just over 15,000 used electric cars and 25,000 used plug-in hybrids have changed hands, which corresponds to 4.5 percent of the entire used market. Despite this smaller share, it should be noted that this is an increase of +30 percent compared to the first three quarters of 2021.

"In recent years, more and more people have chosen an electric car when buying a new car, and more and more electric and plug-in hybrids will therefore continue to reach the used market with each passing quarter. Since 2018, manufacturers have also taken a position and future powertrains will definitely be electrified, in time this will also be reflected on the used side," says Daniel Odsberg, sales manager at Kvdbil.