Gear up, German motorists! Next year brings a whirlwind of adjustments that might leave your wallet feeling lighter.
New directives are about to impact fuel prices, insurance, and driving exams. Buckle up for some additional expenses.
What's in store for German drivers in 2024?
Novice drivers may find the price tag for exams on the rise.
A suggested tariff hike includes boosting the exam fee by a staggering 11%. This might push the theoretical test cost to approximately 25 euros close to home.
For the practical exam, expect a ticket that reads around 130 euros, up from the previous 117 euros. Proposed changes are slated for December 15, 2023, with immediate implementation. It's not just exams that will inflate; driving lessons are also set to be pricier.
Prepare to dig deeper into your pockets when refueling.
The second stage of the CO2 emissions tax is set to kick in early 2024. For now, it stands at 30 euros per ton. Predicted boosts hint at a price jump to 40 euros per ton, resulting in surging fuel prices. According to experts, diesel and gasoline will incur approximately an extra 3 cents per liter.
Tug of war with car insurance costs.
Changes in the categories of third-party liability insurance could make car insurance more costly for millions of motorists. The stats show:
- Approximately 7.4 million can anticipate elevated expenses;
- Over 5.4 million should see reduced costs;
- Around 29 million will witness no updates in 2024.
Electric car subsidies to plummet.
As of January 1, 2024, federal aid for electric vehicles will transmit from 4,500 to a mere 3,000 euros. Securing subsidies for electric cars with list prices worth up to 45,000 euros will no longer be eligible. In essence, getting your mitts on an electric car will be more expensive in 2024.
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Budgetary constraints on the environmental bonus have prompted the cessation of subsidies, leaving would-be buyers to seek alternatives.
