Electric BMW or Tesla under a million? Thanks to the subsidies, it’s not a problem

Thanks to the financial incentives for the purchase of an electric car, which is newly offered by the state, it is possible to treat yourself to a Tesla for an amount below the magical threshold of one million crowns. We also looked at other electric models that can be purchased from us with incentives at an interesting price. We focused on the category of small electric cars suitable for city streets as well as medium-sized models or larger SUVs. The selection includes cars in basic configurations and equipment packages, while for many of them there is still a sufficient reserve of up to one million for possible additional sugaring.

Companies, entrepreneurs and self-employed persons can apply for state incentives for the purchase of an electric car, in the case of a passenger car in the M1 category, and it is good to know the criteria associated with the application and financing of the purchase. “The support is provided in the form of a portfolio bank guarantee for a commercial loan from a leasing company or a commercial bank in combination with a financial contribution (subsidy component).” reminds Michal Teubner, spokesman for Komerční banka. We have detailed more details about getting a subsidy in our recent article.

If you can and are determined to draw subsidies, then all that remains is to calculate what the final price of a particular car will be. Instructions on how to do this are provided by Jaroslav Kumbera, director of car financing at Raiffeisen – Leasing.

“The rule always applies that the sum of the loan and subsidy cannot exceed one hundred percent of the eligible expenses, i.e. the purchase price of the car without VAT. In order to receive a maximum subsidy of 200,000 crowns per vehicle of category M1, with a minimum loan amount of 300,000 crowns, the purchase price of the car must be at least 500,000 crowns without VAT.” explains Kumbera, saying that if the purchase price was less than half a million without VAT, a subsidy can be obtained at a maximum amount corresponding to the purchase price without VAT reduced by the loan provided. Based on this rule, the subsidy can be obtained in full for basically all new electric cars that are offered on the market here.

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Compact electric cars

Dacia Spring, Essential Electric 45 equipment

If you are looking for a really cheap electric car for short trips around the city or around the village, Dacia can be the right choice. However, it is necessary to take into account a number of technical compromises.

• Power: 45 kW
• Acceleration 0-100 km/h: 19.1 seconds
• Maximum speed: 110 km/h
• Battery capacity: 26.8 kWh
• Range according to the WLTP mode: 225 kilometers
• Regular price: from 419,900 crowns including VAT
• Price with subsidy: from 388,179 crowns including VAT
• Detailed overview

Fiat 500e

For those who want to move around the city ecologically and at the same time stylishly, this electric version of the legendary classic will be an interesting choice. Even here, however, it is necessary to accept rather truncated abilities and a minimum of space.

• Power: 70 kW
• Acceleration 0-100 km/h: 10 seconds
• Maximum speed: 135 km/h
• Battery capacity: 23.8 kWh
• Range according to the WLTP mode: 190 kilometers
• Regular price: from 739,900 crowns including VAT
• Price with subsidy: from 539,900 crowns including VAT
• Detailed overview

Volkswagen ID. 3 For Limited

The smallest of the electric ID family from Volkswagen offers the parameters of current full-fledged electric cars. However, it brings slightly higher acquisition costs compared to competitors.

• Power: 150 kW
• Acceleration 0-100 km/h: 7.3 seconds
• Maximum speed: 160 km/h
• Battery capacity: 58 kWh
• Range according to the WLTP mode: 433 kilometers
• Regular price: from 929,900 crowns including VAT
• Price with subsidy: from 729,900 crowns including VAT
• Detailed overview

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Medium-sized electric cars

MG MG4 Electric Emotion

MG is a traditional British brand, but under its Chinese owner, it has turned into a company offering electric cars with a slightly exotic design, but above all, an uncompromising price.

• Power: 125 kW
• Acceleration 0-100 km/h: 6.5 seconds
• Maximum speed: 160 km/h
• Battery capacity: 51 kWh
• Range according to the WLTP mode: 520 kilometers
• Regular price: from 779,900 including VAT
• Price with subsidy: from 579,900 crowns including VAT
• Detailed overview

Renault Megane e-Tech Techno

The French classic has been given a completely new character and the result is, at first glance, an elegant electric car that offers relatively decent parameters. An interesting choice for those who are looking for something new, but still want to stay grounded.

• Power: 160 kW
• Acceleration 0-100 km/h: 7.5 seconds
• Maximum speed: 160 km/h
• Battery capacity: 60 kWh
• Range according to the WLTP mode: 464 kilometers
• Regular price: from 999,000 crowns including VAT
• Price with subsidy: from 799,000 crowns including VAT
• Detailed overview

Tesla Model 3, Rear Wheel Drive

Tesla for 800 thousand? Just a few years ago, this was an absolutely unthinkable thing, which is now a reality in the Czech Republic as well. Tesla knows how to make electric cars, and the recently modernized Model 3 has a hard time finding competition on the market with this offer.

• Power: 208 kW
• Acceleration from 0-100 km/h: 6.1 seconds
• Maximum speed: 201 km/h
• Battery capacity: 60 kWh
• Range according to the WLTP mode: 513 kilometers
• Regular price: from 1,029,490 crowns including VAT
• Price with subsidy: from 829,490 crowns including VAT and the fee for delivery and documentation
• Detailed overview

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Electric SUV

Hyundai Kona Electric Eco Smart

For this year, Hyundai is coming up with a new generation of its electric Kona, which is among the entry-level electric compact crossovers on our market. In addition, Hyundai has prepared additional benefits for its customers, thanks to which the car can be obtained at a relatively low price.

• Power: 114.6 kW
• Acceleration from 0-100 km/h: 6.7 seconds
• Maximum speed: 180 km/h
• Battery capacity: 82 kWh
• Range according to the WLTP mode: 562 kilometers
• Regular price: from 899,990 including VAT
• Price with subsidy: from 699,990 crowns including VAT
• Detailed overview

Volkswagen ID.4 Pure Limited

Another representative of the group’s range of electric cars fits the role of a family SUV. Compared to the competition, however, it falters a little in terms of range.

• Power: 125 kW
• Acceleration 0-100 km/h: 7.3 seconds
• Maximum speed: 160 km/h
• Battery capacity: 52 kWh
• Range according to the WLTP mode: 362 kilometers
• Regular price: from 1,039,900 crowns including VAT
• Price with subsidy: from 839,900 crowns including VAT
• Detailed overview

BMW iX1 eDrive20

A representative of BMW from Munich also entered the category under one million crowns. The iX1 model is a completely basic electric Bavarian, but BMW has its name, and therefore it can be an attractive choice for many people interested in electromobility.

• Power: 150 kW
• Acceleration 0-100 km/h: 8.6 seconds
• Maximum speed: 170 km/h
• Battery capacity: 66.5 kWh
• Range according to the WLTP mode: 439 kilometers
• Regular price: from 1,059,500 crowns including VAT
• Price with subsidy: from 859,500 crowns including VAT
• Detailed overview

Tesla Model Y, Rear Wheel Drive

Model Y became the world’s best-selling electric car last year. It is also offered here at an attractive price, similar to the Model 3, it is one of the most interesting offers in the entire segment.

• Power: 220 kW
• Acceleration 0-100 km/h: 6.9 seconds
• Maximum speed: 217 km/h
• Battery capacity: 60 kWh
• Range according to the WLTP mode: 455 kilometers
• Regular price: from 1,120,400 crowns including VAT
• Price with subsidy: from 920,400 crowns including VAT and the fee for delivery and documentation
• Detailed overview

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Just below the line

Although they did not find their place in our ranking, it is certainly not out of place to look at the range of models such as the Volvo EX30, the electric Opel Corsa, the Renault Scenic E-Tech or the facelifted Hyundai Ioniq 5, which is currently awaiting its launch on the Czech market. Finally, let’s add a few more models, the price of which, after deducting subsidies, is just above the one million crown mark. If only because, for example, the Kii EV6 can be used with the current promotional offer, which comes under one million.

Kia EV6 Air

The EV6 crossover offers enough space for the whole family, and thanks to the benefits that the automaker now offers, it can also be purchased under that magical threshold.

• Power: 125 kW
• Acceleration 0-100 km/h: 8.5 seconds
• Maximum speed: 185 km/h
• Battery capacity: 58 kWh
• Range according to the WLTP mode: 394 kilometers
• Regular price: from 1,239,980 including VAT / sale price: 1,139,980 crowns including VAT
• Price with subsidy: from 1,039,980 crowns including VAT / promotional price: 939,980 crowns including VAT
• Detailed overview

Volvo EX40 Essential

Even Volvo jumped on the electric wave and today has several such models on offer. Everything starts with the compact SUV EX30, however, the EX40 is a slightly more distinctive representative of the qualities we are used to from this Nordic brand.

• Power: 175 kW
• Acceleration 0-100 km/h: 7.3 seconds
• Maximum speed: 180 km/h
• Battery capacity: 70 kWh
• Range according to the WLTP mode: 479 kilometers
• Regular price: from 1,218,500 crowns including VAT
• Price with subsidy: from 1,018,500 crowns including VAT
• Detailed overview

Volkswagen ID.5 Limited

Another relative of the already well-known ID family from Volkswagen. The ID.5 offers everything you need to transport shopping, suitcases and family members wherever they need to go. And if there’s still not enough space, there’s still the ID.6.

• Power: 210 kW
• Acceleration 0-100 km/h: 8.4 seconds
• Maximum speed: 180 km/h
• Battery capacity: 77 kWh
• Range according to the WLTP mode: 554 kilometers
• Regular price: from 1,244,900 crowns including VAT
• Price with subsidy: from 1,044,900 crowns including VAT
• Detailed overview

Skoda Enyaq 85

A representative of the Czech car manufacturer Škoda, which can also be a suitable alternative. The company recently teased the arrival of an electric car for 600,000 crowns, but until then Škoda customers have to be satisfied with the Enyaq, which does not have bad parameters at all.

• Power: 210 kW
• Acceleration from 0-100 km/h: 6.7 seconds
• Maximum speed: 180 km/h
• Battery capacity: 82 kWh
• Range according to the WLTP mode: 562 kilometers
• Regular price: from 1,324,900 crowns including VAT
• Price with subsidy: from 1,124,900 crowns including VAT
• Detailed overview