Jul 15, 2020 - 02:40 pm

Croatia subsidizes EV purchasing with €5.8 million

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In Croatia, the online application procedure for the new call for funding for electric and hybrid vehicles had to be cancelled after only two minutes because so many applications were received from private individuals that the 2020 budget for the funding programme of €2.9M was exhausted.

The Environmental Protection and Energy Efficiency Fund, which is responsible for distributing the money, received 546 applications from citizens for co-financing of energy-efficient vehicles within the two minutes mentioned above. The lion’s share of these applications, 470, were for battery electric vehicles. Plug-in hybrids, hydrogen vehicles and electric bicycles are also eligible.

In total, the Croatian state is distributing 5.8 million euros equally to private individuals and companies in the course of the support programme. The Balkan Green Energy News portal also reports that the online application procedure for businesses was very quickly booked out. On the website, the institution stated that the interest was really enormous and there were certainly many disappointed people who did not manage to apply for the funding.

The 853 applicants who managed to apply for a subsidy for the purchase of energy-efficient vehicles for private or business purposes can now expect a state subsidy of up to 40 per cent of the purchase price. Depending on the vehicle category, the subsidy rates are capped at between 665 and 9,297 euros.

Croatia introduced the subsidy for electric and hybrid vehicles in 2014 and reportedly renewed it in 2018. Since then, 3,500 new vehicles have been subsidised with a total of 14.6 million euros, according to the above-mentioned report. Due to the Corona-related health crisis, the application procedure was completely digital this year for the first time.

balkangreenenergynews.com

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Found on electrive.com
https://www.electrive.com/2020/07/15/croatia-subsidizes-ev-purchasing-with-e5-8-million/
15.07.2020 14:38