Posted By Sam Allcock Posted On

Moves III Plan Will Subsidize Purchase Of Electric Cars With 7000 Euros

The Government has announced the third edition of the Moves Plan to aid the deployment of electric vehicles and the charging infrastructure in Spain. As confirmed by Teresa Ribera , Minister for the Ecological Transition and the Demographic Challenge, this new call will be endowed with 400 million euros , expandable up to 800 million , and will continue until the end of 2023 .

In what Ribera has defined as “the most ambitious line of support for electric mobility that our country has proposed”, Moves III will subsidize the purchase of an electric vehicle with up to 7,000 euros and up to1,300 euros for the purchase of an electric motorcycle, provided that a vehicle older than seven years is delivered for scrapping.

The new edition of Moves includes higher amounts for the self-employed who buy an electric vehicle that they are going to use for work, such as taxi drivers or VTC drivers.

This program, endowed with Next Generation funds, is part of the Recovery, Transformation and Resilience Plan presented in October last year. According to the ministry’s estimates, the program “can contribute more than 2.9 billion euros to GDP and generate more than 40,000 jobs along the entire value chain.”

These grants are intended to encourage the transition to electric mobility and boost the charging infrastructure in the country with the objective, according to Ribera , that, by 2023 , the country will have 100,000 charging points , counting public and private, and with 250,000 electric vehicles circulating on its roads.

In that sense, the Moves IIIimproves aid for the installation of charging points for individuals, communities of owners and SMEs and will support, with an additional 10%, actions in municipalities with less than 5,000 inhabitants both for the installation of public points and for the purchase of electric cars for the people registered in them.

As a requirement, it establishes the obligation for the public charging points supported by Moves III to be “continuously available to the user without the need for prior registration.”

Subsidies for the purchase of electric cars will be available to individuals and the self-employed from April 10 . As the Moves II , which offers aid of up to 5,500 euros per car, will be in force until June 18 , the ministry points out that “there will be no period without aid” and that “users will be able to choose which line to take advantage of” during the time of coexistence. Like the rest of the editions of this plan, the autonomous communities themselves will approve their own call after Moves III is published in the BOE .

Ribera has recognized the role of Spanish industry within the automotive sector and its performance in the transition to electromobility with the production of “a dozen electric passenger cars.” According to the minister, Spain “is a leading country in the manufacture of electric motorcycles and charging infrastructures”.

“Programs such as Moves allow accelerating the transformation towards a sustainable speed model thanks to the electrification of transport”, he concluded.

The Moves III involves listening to one of the most repeated requests in the sector: the creation of a sustained plan over time that motivates the scrapping of the oldest automobile fleet.

From the Spanish Association of Automobile and Truck Manufacturers (Anfac) , José Vicente de Los Mozos , its president, admits that “it is an essential plan because regulatory commitments require concrete support like these.” “The increase in provision for the Moves III and its continuity are good news because it will boost the demand for the electrified vehicle,” he added.

Anfac also values ​​positively that the communities that deplete the funds opt for an extension of the endowment “to avoid stoppages in the market” and that the new plan includes a “good mechanism in terms of spending, since it aims to guarantee that the communities spend funds and, if they don’t, return them. “

According to Anfac , thanks to Moves III they estimate that electrified vehicles will grow 75% this year to exceed 70,000 units.

Comments (0)

Leave a Reply

Your email address will not be published.