A total of up to €200,000 in government funds are available for commercial companies wishing to change their vehicle fleet from internal combustion engines (ICE) to electric vehicles (EV), under the extension of the grant scheme for environmentally-friendly vehicles.
The grant scheme for environmentally-friendly vehicles has been extended by another €0.5 million, and is applicable to private car owners, registered NGOs, the business community and local councils.
The aim of the scheme is to improve air quality levels by reducing the number of old motor vehicles from our roads and by promoting the purchase of battery electric vehicles.
The scheme was initially launched earlier on this year through Transport Malta, and had an allocation of €0.5 million.
Between January and July 2018, all applications submitted for the grant were accommodated, to the extent that 98 additional electric vehicles were registered on Maltese roads, according to a statement by the Transport Ministry,
The extended scheme consists 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.
Eligible parties registering a new battery electric/plug-in hybrid M1 and N1 vehicle when another vehicle – with an internal combustion engine at least 10 years from the year of its manufacture – is de-registered and scrapped at an authorised destruction facility, will benefit from €7,000.
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 http://www.transport.gov.mt/land-transport