Summary
– Tesla reduced the price of the Model 3, prompting many importers and leasing companies to offer large discounts on electric cars.
– Industry leaders explain how government tax policies have negatively impacted the electric car market.
– Electric cars accounted for 25% of new car sales in Israel in 2024.
– The market for electric cars is expected to decline due to tax increases and policy changes.
– Several electric car models are currently being offered at significant discounts from the importer’s price list.
Article
Tesla has recently reduced the price of its Model 3, leading to a trend where many electric cars are being offered at large discounts by importers and leasing companies for 0 km routes. This sudden shift in pricing has been attributed to the government’s tax policies and industry leaders are offering pessimistic explanations for the situation. Just two years ago, electric cars were considered a better investment than real estate, with many buyers able to sell their electric cars at a profit before even receiving them due to supply shortages and frequent price increases by manufacturers.
Despite the initial surge in electric car sales, industry experts predict that the market share of electric cars will decrease by the end of the year. This can be attributed to the government’s decisions to increase purchase tax, cancel discounted vehicle license fees, and introduce a mileage tax in the future. These policy changes have already had an impact on sales, both in Israel and abroad. However, there are currently some interesting opportunities in the market with 2024 electric cars being sold at discounted prices, ranging from NIS 200,000 to NIS 40,000 below the importer’s price list.
Some of the electric cars currently available at a discount include the Kia Niro Plus Electric, MG5 electric station wagon, MG ZS EV crossover, MG4 compact electric family, EVEASY Limo Chinese electric sedan, Hyundai Kona EV, BYD Sil Sudan, ORA 03 Chinese crossover, BYD Dolphin, and BYD ATTO 3 Chinese electric crossover. These vehicles are being offered with discounts ranging from NIS 3,000 to NIS 40,000, making them more affordable for consumers looking to purchase an electric car. Leasing companies have also been offering zero-kilometer routes for these cars, further incentivizing buyers with discounted prices.
The market for electric cars in Israel has seen significant growth over the past few years, with electric cars now accounting for 25% of the new car market. However, this growth is expected to slow down due to government policy changes and new import regulations. Despite this, there are still opportunities for consumers to purchase electric cars at discounted prices, making them a more attractive option for those looking to make the switch to electric vehicles. It remains to be seen how the market will evolve in the coming years and whether electric cars will continue to gain popularity among Israeli consumers.
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