[Jaguar I-Pace News]

The Netherlands is quickly becoming one of the strongest markets for electric vehicles. With adoption rates far higher than that of many neighboring countries, it’s no surprise that the I-Pace is exceeding expectations there.

A new report has surfaced on InsideEV’s that claims the I-Pace is the best selling vehicle in the country this past December, outselling all Model S and Model X sales combined. With so much interest in Jaguar’s EV, Jaguar car sales have increased in the Netherlands by 234% over the past year. This has been no easy feat as Tesla has seen a 162% increase in sales year-over-year.

To date, the I-Pace has seen nearly 3,500 registrations, which has been heavily constrained by limited availability. If Jaguar is able to increase production volume, their latest EV could easily be the flagship that ushers in a new era for the automaker. Adoption rates are all about the offer, and the I-Pace has proven to be one of the most compelling EV’s to hit the market.

[SOURCE]

 

[phil]

It was a strong EV market, until New Year's Day. At that date, their government subsidies were greatly reduced.

Now, Holland is a very weak EV market. Go figure.

 

[phila]

It was a strong EV market, until New Year's Day. At that date, their government subsidies were greatly reduced.

Now, Holland is a very weak EV market. Go figure.

And the same will likely happen in Norway once all of the government incentives are cut. And many in this country that own (not lease) their EVs are worried if there will ever be a resale market for them after that day.

 

[ChargedUp]

I'm guessing that's because they have started to hit the caps on number of EV's sold? To be fair this was always a short term solution to help address the buy in price of newer electrics. But we are already starting to see some more appealing entry level models.

 

[phil]

I'm guessing that's because they have started to hit the caps on number of EV's sold? To be fair this was always a short term solution to help address the buy in price of newer electrics. But we are already starting to see some more appealing entry level models.

No, no caps were involved. The Netherlands simply amended their tax law.

 

[SafeMan]

Cars in the Netherlands are expensive. My car is a I-PACE SE; Corris Grey; Cold Climate Pack; Driver Assist Pack; Air Suspension; 20" Wheels; Panoramic Roof; Matrix Headlights; Fog lights and Privacy Glass, costed EUR 100,000 including 21% Value Added Tax (today USD 113,000). Company cars can be used for private trips but you have to add 4% yearly for an EV of the consumer price to your income. This goes for a period of 5 years. For ICE cars it is 22%. My top income tax scale is 52%. In 2019 the first EUR 50,000 consumer price has 4% extra Tax to my income and for the rest (EUR 50.000) I have to add 22% to my income.
-Buying the car in 2018 and driving it for 5 years: EUR 100,000 @ 4% is EUR 4,000 @52% income tax means net EUR 2,080 per year.
-Buying the car in 2019 and driving it for 5 years: EUR 50,000 @ 4% is EUR 2,000 @52% income tax means net EUR 2,080 per year +++PLUS+++ EUR 50,000 @ 22% is EUR 11,000 @52% income tax means net EUR 5,720 per year, totaling EUR 5700 per year, straight out of my pocket.

I'm not complaining, just explaining. Paying so much tax in the Netherlands means also that everyone has a comprehensive Health Care Insurance for next to nothing. Also education is almost free. Who doesn't want a healthy, well educated society?

 

[Gelbkreutz]

And the same will likely happen in Norway once all of the government incentives are cut. And many in this country that own (not lease) their EVs are worried if there will ever be a resale market for them after that day.

Oh, there will be a resale market. If you got incentives for a car you bought and is selling it used into a market where the comparator does not have subsidies, you should be in great shape as far as value attrition goes.