Another €0.5 million allocated to electric vehicles grant scheme
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Another €0.5 million has been allocated to the grant scheme for environmentally friendly vehicles.
The announcement was made by the Ministry for Transport, Infrastructure and Capital Projects, who said that the the aim of the scheme is to improve air quality levels by reducing the number of old motor vehicles from our roads.
The scheme, which was launched earlier on this year through Transport Malta, had an allocation of €0.5 million, and between January and July 2018, all applications submitted for the grant were accommodated/.
The Ministry said that 98 additional electric vehicles were registered on Maltese roads through the scheme.
It explained that the extended scheme is composed of a range of benefits with their own sets of conditions.
Should an eligible applicant not scrap another vehicle, they would benefit from €2,500 when registering a new or used battery electric quadricycle, €4,000 upon registering an imported second-hand battery electric/plug-in hybrid M1 and N1 vehicle not older than 36 months, with not more than 15,000 km on the odometer, and €6,000 upon registering a new battery electric/plug-in hybrid M1 and N1 vehicle.
Should eligible parties register a new battery electric/plug-in hybrid M1 and N1 vehicle when another vehicle with an internal combustion engine having at least 10 years from the year of its manufacture is de-registered and scrapped at an authorised destruction facility, they would benefit from €7,000.
Finally,it said that the Government is giving up to €200,000 for commercial companies to change their vehicle fleet from ICE to EV. Terms and conditions apply in all cases.
The grant is applicable to private car owners, registered NGOs, the business community and local councils.
Applications are on a first come, first served basis. Companies that have already benefited from last year’s scheme on electric vehicles are eligible to benefit again from this scheme if they are in line with state aid regulations.
Application forms for such schemes can be collected from the Vehicle Licensing Unit within Transport Malta, A3 Towers, Paola or from www.transport.gov.mt/land-transport