Nio joins the party, will cover some of the lost German government EV subsidy

21 December 2023

Yesterday we brought you news that a whole bunch of EV makers decided, in various ways, to help customers out and cover the abruptly ended German government subsidy themselves. We're talking about Tesla, Mercedes, Volkswagen, and Stellantis with its myriad brands.

Today it's time for Nio to join the party. The Chinese EV maker launched in Germany back in October of last year, and today it's announced that it would itself cover part of the $4,800 government subsidy that was pulled over the weekend. Specifically, Nio is covering $1,600 for its 'manufacturer share' as well as $3,200 to compensate for the lost 'government share' of the subsidy.

The eagle-eyed amongst you will have noticed that a total of $4,800 is a bit far from the total of $7,240 that customers could get under the now-cut scheme, where $2,410 of that was the manufacturer's share and $4,800 was the government's share of the subsidy. Still, a total of $4,800 is more than nothing - which is what you'll get if you order a Nio from January 1 onwards.

That's because this will only apply to customers who buy a Nio car from December 18 until December 31 and take delivery by January 31. The offer includes standard models as well as cars purchased without batteries under Nio's Battery-as-a-Service scheme.

Via