Porsche Bank warns of the end of the exemption in kind for electric cars

According to their forecast, by 2030 around 60 percent of all new registrations in Austria will be electric vehicles and these will largely be financed from outside sources. The reason: “For many people there are still question marks about how much an electric car will still be worth in three to four years,” says CEO Maurer. “We guarantee one when leasing residual value.” Leasing a vehicle is possible for one to seven years.

Of course, Porsche Bank also had to learn something about e-mobility. Because electric is one big unknowns been. “We have decades of experience with combustion engines. And the used electric car market is much smaller. “Used car prices have now risen massively and the residual values ​​are now correctly priced in.

When it comes to subsidies and tax incentives for e-mobility, states are increasingly putting the brakes on, like the one planned Elimination of the benefit-in-kind exemption. “For companies, lower non-wage labor costs were crucial. With the planned change, this advantage is reduced, which means that the attractiveness of electric vehicles in the corporate sector is expected to decrease. Electric cars are also often even more expensive to purchase than comparable vehicles with combustion engines, which puts the planned lower percentage of non-cash benefits into perspective,” says Nekolar. The exemption from benefits in kind should be retained.

Significant push

“The tax incentives will become less, but that will not slow down e-mobility in the long term,” Maurer thinks positively. Demand from private customers is also increasing massively, not least due to the current energy crisis – “a clear push”.

The recent decision of the Constitutional Court that also leased or rented cars from The fury The board members are critical of the fact that the property can be confiscated. “We understand the legislator’s intention behind it, but it contradicts the principle of separation of ownership and user,” says Nekolar. Recourse is possible for the lessor, but this is lengthy and complex. After all, there is a transition period until October 2027.

In addition to traditional financing, Porsche Bank is expanding its mobility offering. Under the Sharetoo umbrella brand It bundles car sharing and car subscription offers. “Many people want to use mobility without making a long-term commitment,” says Maurer. However, this only makes business sense in partnership with a city, such as Vienna. “As a result, many providers have disappeared.”

The Porsche Bank, which is yours this year 60th anniversary celebrates, is represented in 15 countries and achieved an increase of almost 15 percent compared to 2024 with a contract portfolio of more than 1.7 million contracts last year.