Tax burden increases: Nova reform meets SUV driver hard!

Tax burden increases: Nova reform meets SUV driver hard!

From July 1, 2023, the previous standard consumption tax (Nova) for light commercial vehicles (N1) will be abolished again. This is reported by the Krone , and expects considerable savings for small vans. This decision is made as part of the new government measures taken by the ÖVP, SPÖ and NEOS to prioritize savings and at the same time reduce "green" measures.

The new measures include the abolition of the climate monus and the expensey of the climatic coat. There are also cuts in grants for thermal renovations of houses as well as in the exchanging heating. These changes indicate the direction in which the government goes by looking for financial relief.

consequences of the Nova changes

However, the upcoming regulations on the Nova also have an impact on the vehicle market. According to finanzehmen.at , the costs for many vehicles with combustion engine, in particular large SUVs and powerful models, will increase significantly. Buyers of such vehicles have to expect a higher tax load, while low-emission vehicles become more attractive due to lower Nova rates.

There are some tips for car buyers. It is advisable to rely on low-emission vehicles because lower CO₂ emissions lead to a lower tax burden. Electric cars are a particularly good choice because they are freed from the Nova and also receive government funding that can further reduce the purchase price. Used car imports should also be checked closely, since the Nova can be due subsequently, which makes a prior calculation of the financial advantages of import.

market developments and future trends

The increase in the Nova will also have an impact on the overall vehicle market. It is conceivable that the sales of electric vehicles will increase, since manufacturers are increasingly offering hybrid or electrical variants in order to escape the increasing Nova costs. In this context, the market for high -emission vehicles will also come under pressure because the tax load increases and more buyers could choose already approved vehicles on the used car market.