Electric Car Electric Vehicle EV pexels

The electric vehicle grant for the purchase of new electric vehicles will follow 2022 and be maintained at €11,000.

First reported by BusinessNow.mt last week, the grant may go up to €12,000 should the buyer scrap their old vehicle.

The same counts for the scheme incentivising the purchase of mopeds, pedelecs and electric bikes.

This year’s grant for plug-in hybrids was utilised by May 2022, however Government is guaranteeing that all those who purchased a plug-in by end-May and is due to have the vehicle delivered in 2023 will be given the grant.

This measure is costing Government some €20 million.

Car registration on EVs and plug-ins

Electric vehicle and plug-in hybrid buyers will continue to have their registration tax exempted, and will continue to be exempt from paying annual road tax for a period of five years, starting from the date of registration.

Charging pillars

More charging pillars will be installed, reaching an additional 1,200 pillars by 2024. Currently, there are a total of 340.

Companies will be encouraged to electrify their fleet by being granted interest-free loans for the purchase of such vehicles and the installation of charging stations.

Related

Malta ‘more attractive to property investors than to people looking to build a career’ – Marisa Xuereb

April 13, 2024
by Robert Fenech

Wages remain low in part because major policy change that made real estate the primary focus of investment, she said

WasteServ issues tender to turn shut Marsaskala waste treatment plant into park

April 12, 2024
by Fabrizio Tabone

WasteServ describes the park, which features an artificial lake, as a ‘green sanctuary’

Islands of fun! Entertainment contributes more to Maltese economy than to any other in Europe

April 12, 2024
by Robert Fenech

The sector also generates much higher value added than it does for any other EU country