Schwarz Group Pulls Electric Cars From German Company Car List
Schwarz Group has temporarily dropped fully electric cars from its company car list in Germany, according to electrive. The retreat is limited to the German fleet.
The company points to a volatile market environment and shifting regulatory frameworks as the reasons behind the move, electrive reported.
Resale values are the sharper pressure point. According to Welt, the measure is primarily driven by what used electric cars fetch on the second-hand market, because Schwarz Group does not lease its company cars but buys them outright and sells them later. That purchasing model leaves the residual value risk on the buyer's balance sheet rather than with a leasing provider, so any softening in used EV prices lands directly on the fleet owner.
Outside Germany, the policy does not apply. In other European countries, Schwarz Group plans to keep adding new electric vehicles to its fleet, electrive reported. The split treatment isolates the German used-car market as the specific constraint rather than the technology itself.
The company describes the German exclusion as temporary.
Source: electrive.com (opens in a new tab)1 sourcePermalink