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Grants for Electric Cars

grant-carThe Spanish Government hopes to boost the number of electric cars on the roads with new grants available in 2017. Anyone who is resident in Spain is eligible, read on for more details.

A budget of over 14 million euros has been set aside for grants for the purchase of electric cars, including plug-in hybrids. The scheme is called Movea 2017 and was approved in June.

Grants are awarded on a first-come, first-served basis until 15 Oct 2017, or earlier if funds are depleted. Grant amounts are based on the km driving range of the vehicle purchased.

Who Can Request The Grant?

In order to be eligible you need to be legally resident in Spain and have a NIE number.

Car dealers will arrange all the paperwork and, more importantly, check that funding is still available, in order to get the discount directly upon purchase.

What Type of Vehicles are Included?

Vehicles must be electric, plug-in hybrid, or fuelled by liquid gas, LPG or hydrogen.

Both brand new and used vehicles (up to 9 months old) are included: cars, vans, motorbikes (additionally buses and lorries for companies).

Maximum prices (before tax) for vehicles covered by the grants are:

  • 25,000€ (gas fuelled cars)
  • 32,000€ (electric cars)
  • 8000€ (motorbikes)

What Discount Will I Get?

Based on the manufacturer’s specification regarding the km driving range capacity, grants will be fixed at:

  • 1300€ for electric/plug-in hybrid cars with a driving range between 15 and 40 km
  • 2600€ for electric/plug-in hybrid cars with a driving range between 40 and 90 km
  • 5500€ for electric/plug-in hybrid cars with a driving range of over 90 km
  • 2500€ for natural gas fuelled cars
  • 500€/1000€ for LPG fuelled cars (depends on price of vehicle)

These amounts will be automatically discounted from the sales price.

What Else Do I Need to Know?

An extra 750€ is available if you scrap a used card over 10 years old. Remember that the car must be in your name and have the ITV inspection up-to-date and the latest municipal tax paid.

Not all car dealers are taking part in the initiative, so check before buying. Those that do take part must offer an additional 1000€ discount on cars.

How to Decide if an Electric Car is Right for You

Even though the Government is offering these grants, Spain is still not ready for electric cars in many towns and cities. However things are changing and if you just tend to move around your local area and can charge the car at home, it might be a good idea to think about buying one.

In order to increase the number of charging stations, car dealers that sell electric cars must agree to install a local charging station (for which grants are available).

The basic questions to ask yourself when considering buying an electric or plug-in hybrid car are:

  • Do you have access to off-street parking?
  • Is your daily car usage below 160 km?
  • Are you thinking of buying a new car anyway?

Recharging will cost approximately 2.50€-3.00€ (depending on your tariff). It’s probably a good idea to consider having a dual-tariff with lower night rates for charging to reduce the cost.

Factor in to the final price of the vehicle any extras such whether you decide to lease or purchase the battery. Take into account that battery prices are decreasing as technology improves so it’s worthwhile considering your options.

 

Related Post: LPG Fueled Cars in Spain

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