There will be a new MOVES plan to aid the purchase of electric cars endowed with 400 million euros (and it could be double)

The Government has announced that it plans to launch a new MOVES Plan of aid for the purchase of electric vehicles, plug-in hybrids and of fuel cell.

Will be endowed with 400 million euros, but the budget -which comes from European funds for the recovery of the coronavirus crisis- could be doubled to reach 800 million euros “if there is enough appetite”, has announced the general director of the Institute for Diversification and Savings of Energy (IDAE), Joan Groizard.

The MOVES Plan, until 2023?

Plan Moves

According to Europa Press, which has echoed Groizard’s statements, the Government has already agreed with the autonomous communities to launch this new MOVES Plan, whose last edition is still open and with half of the funds without requesting.

From the IDAE, which manages the funds, they have explained that the new purchase aid plan with at least 400 million euros, but the item could be doubled “if there is enough appetite” and capacity to absorb the funds.

Also, it has been dropped that could become a long-term program and last until 2023.

This plan to boost the electric car will be possible thanks to the 2,000 million euros that European funds contemplate in terms of electric mobility for the recovery of the coronavirus crisis.

Despite unequal ‘consumption’ of funds in different communities –some took months to accept helpOthers accepted it but did not enable the web to request them – it has been ensured that currently more than half of the budget has been consumed, and in some communities it has already been exhausted (in the case of Madrid and Catalonia).

According to the IDAE’s own website, all the Autonomous Communities have accepted the aid, the validity of which will end after the summer. For its part, the Renove Plan ended in December 2020 with more than 200 million euros not awarded, out of the 250 available.

Mini

The Spanish Association of Automobile and Truck Manufacturers positively value the decision but ask that the distribution of funds is not based on population criteria, but rather on the market.

It would be the case of Madrid and Catalonia, which account for most of the funds consumed. In the case of Madrid, a municipal incentive plan for 2021, which will be endowed with 20 million euros and will include incentives for the purchase of new cars with the ZERO, ECO and C labels.

In Motorpasión | The fine print of the MOVES Plan and the Renove: how much do you have to pay to the Treasury for availing yourself of the purchase aid


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