June 19, 2024

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Subsidy of up to 11 thousand euros for electric cars – the new program

Subsidy of up to 11 thousand euros for electric cars – the new program

The program starts with a total budget of €33 million “Electric Move 3” who targets her financial support buying Electric carsMotorcycles, tricycles and bicycles by natural and legal persons. The third cycle of the program starts retroactively from May 1, 2024. The main difference compared to previous programs is increased support for private consumers and decreased support for legal entities. Of the 33 million euros, which come from revenues from emissions rights auctions, 20 million euros will be directed to applications by legal entities and 13 million euros to applications by natural persons. In the case of legal entities, the support amounts per vehicle are lower.

In particular, in this third cycle, the maximum benefit provided to natural persons increases. Thus, for purely electric cars, the environmental bonus amounts to 30% on the retail price before taxes The maximum amount is 9,000 euros, from 8,000 euros in the “Move Electric 2” program. The Minister of Infrastructure and Transport indicated during the meeting that “this support, if combined with an increase in the return on towing an old vehicle, from 1,000 euros in the previous session to 2,000 euros, amounts to 11,000 euros.” show action, Christos Stekouras.

Subsidy of up to 11 thousand euros for electric cars - New Program-1
For the purchase of a pure electric vehicle, the subsidy amounts to 30% of the retail price before taxes, up to a maximum of €9,000, while if combined with the retirement of an older vehicle, it reaches €11,000. [SHUTTERSTOCK]

At the same time, additional subsidies are provided to special categories of citizens, including people with disabilities, those with several children, as well as young people up to 29 years of age. Specially for helpless The amount of additional support for them amounts to 1,000 euros Young Until the age of 29, the additional benefit is €1,000 and Families with many children The benefit amounts to 1,000 euros for each dependent child aged three and above, and up to an additional 4,000 euros. At the same time, the installation of the charger is supported by 500 euros.

Additional benefits for people with disabilities, large families and young people up to 29 years of age.

Regarding Legal entities“The support amount has been reduced by 2,000 euros to cover a larger proportion of the increased demand,” Mr. Stikouras noted. The subsidy remains at 30% of the retail price before taxes, up to a maximum of €6,000 (from €8,000 in KH2) for the first 20 cars. As of the 21st, the maximum support amount is €4,000 (from €6,000 in KH2) per vehicle.

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At the same time, according to the Deputy Minister of Transport Christina Alexopoulou, companies with pre-2010 vehicles in their fleet can receive an additional retirement benefit of €2,000, “twice the amount of KH2”. If the business is based on an island, an additional support of €4,000 will be provided. Regarding Electric bicyclesThe support amount remains the same in the second cycle. The subsidy amount thus reaches 40% of the retail price before taxes, up to a maximum of 800 euros. Additional subsidies are provided to those with many children and the disabled.

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At the same time, officials at the Ministry of Transport explained that the process of paying the subsidy has become simplified compared to the previous program, stressing that the application is submitted by the citizen or establishment after purchasing or renting the vehicle. “Now no unnecessary funds are tied up. Everyone who comes with a bill will be paid immediately until the amount of 33 million euros is exhausted,” Ms. Alexopoulou noted. “Electric Move 2” It has been completed, while 8,000 applications are still waiting. However, the aim is to provide an additional €20 million in support by the end of the year through the previous programme.

By the end of the week, the new software platform will be in normal operating mode, while applications can be submitted until April 30, 2025. The procedure is expected to be completed on December 31, 2025. However, it is not ruled out that the budget for the work will be strengthened in the future. According to the Ministry’s data, after four years of government aid, 14,700 fully electric vehicles are in circulation in our country and the goal set is 67,000 low-emission vehicles in circulation in Greece in 2025 and 340,000 by 2030.

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