Big changes are happening in the Netherlands when it comes to electric cars.
The government is phasing out the popular SEPP subsidy program (Subsidy Scheme for Electric Cars for Private Individuals), which has helped drivers buy new and used electric cars since 2020.
Once the remaining funds are gone, that’s it—no more subsidies.
The SEPP program has been a key incentive for electric car buyers.
This year alone, €58 million (about $62 million) was set aside for it, but the money is expected to run out before the official end date of December 27.
According to Autovise, as of November 6, 90.2% of the budget—€52.33 million (around $56 million)—had already been spent. That leaves just €5.67 million (around $6 million), which is enough for roughly 1,922 drivers looking to buy a new electric car.
So, what’s the deal with the subsidies?
For new electric cars, buyers can get €2,950 (around $3,200), while used electric cars come with a €2,000 (about $2,200) subsidy. Initially, €29.4 million (about $31.5 million) was allocated for used electric cars, but in July, the government added another €23.1 million (about $24.8 million) to the pot. In total, €52.5 million (around $56.4 million) has been made available for used electric cars, with €44.27 million (about $47.6 million) already spent. That leaves just €8.23 million (roughly $8.8 million) for about 4,115 more grants.
If you’re in the Netherlands and thinking about buying an electric car, now’s the time to act.
The clock is ticking, and funds are running out.
And starting in 2025, it’ll get pricier to own an electric car, as they’ll be subject to periodic taxes—just like gas-powered cars.
The Netherlands isn’t alone in cutting back on electric car incentives. Over in Canada, similar changes are happening, with electric car owners now required to contribute to road maintenance costs.
