BUSINESSES IN MALTA ELIGIBLE FOR €200,000 GRANT WHEN SWITCHING TO ELECTRIC VEHICLES
Furthermore, new car importers who want to upgrade their garage to be able to service electric vehicles while training staff for this new technology will be eligible for a grant worth up to €25,000.
- Commercial companies in Malta are eligible for a maximum of €200,000 should they change their fleet from internal combustion engines to electric vehicles.
- Furthermore, new car importers who want to upgrade their garage to be able to service electric vehicles while training staff for this new technology will be eligible for a grant worth up to €25,000.
The schemes form part of the six financial schemes for more sustainable private means of transport, with an investment of €2.5 million, which have been officially launched by the Ministry for Transport. Companies who have already benefited from this scheme are eligible as long as they conform to state aid regulations.
The schemes include the popular scrappage scheme, which this year has an allocation of €1.5 million. New M1 Vehicles or M1 Hybrid Vehicles are eligible for this scheme when de-registering and scrapping a vehicle from the same category. This grant varies from €800 to €2,000, depending on the vehicle’s CO2 emissions.
The second scheme has been allocated €600,000 and is dedicated to electric vehicles. When one registers a new M1 or N1 electric vehicle while deregistering and scrapping another M1 or N1 Internal Combustion Engine vehicle at least 10 years old from the year of manufacture, they are eligible for up to €7,000 in grant money. Individuals, local councils, registered NGOs and private companies are eligible for this scheme – indeed, the grant for businesses switching to electric vehicles falls under this scheme. Joined to this scheme is an additional allocation of €100,000 dedicated to €400 grants for individuals purchasing a new pedelec or a new electric motorcycle, moped or tricycle.
The third scheme, which has an allocation of €50,000, offers a €200 grant when one converts an M1 or N1 vehicle to Autogas or LPG, ￼while the fourth scheme, allocated €100,000 is the one offering a €10,000 grant when one registers a new wheel￼chair accessible taxi or chauffeur driven vehicle, up to a maximum of €100,000 in one year.
The fifth scheme has been allocated €80,000 and gives a grant up to €25,000 for new car importers who want to upgrade their garage to be able to service electric vehicles while training staff for this new technology.
The sixth scheme, allocated €100,000, applies to the conversion of M2, M3, N2 or N3 vehicles. It grants €800 to those who upgrade their vehicle from low Euro Standards emission levels (Euro III or lower) to Euro V. It is applicable for residents of Malta registered as owners of a vehicle which has been retrofitted with an HDDF system by a competent person. This system must conform to the requirements of UN ECE 142 and has to have been approved by an authority. Vehicles with petrol engines are not eligible for the scheme.