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.
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.
A growing number of EV customers have waited between six to nine months for the payout
The majority of the budget is dedicated to the adoption of electric vehicles
The company said the Government is engaging in ‘a legal tit-for-tat for purely political ends’