Malta extends EV subsidy scheme
Malta has offered a subsidy scheme for EVs since 2022. The government explains in its media statement that the scheme is aimed at professional fleets. The goal is to help companies transition to electric mobility, especially those “operating with large vehicles.”
As part of the new electric vehicles purchase scheme, the government will grant up to 11,000 euros for electric cars and vans, “with larger amounts allocated for large vehicles used for transporting passengers or goods.” According to a statement from the government, the specific amount will “be determined on a case-by-case basis.” Buyers of electric motorcycles, tricycles or quadricycles can hope for a subsidy ranging from 2,000 to 6,000 euros. The grant for the purchase of a pedelec is fixed at 500 euros.
In addition, the country also offers a scrappage initiative. Those who turn in their old non-electric vehicles can receive anywhere from 500 euros (motorcycles) to 30,000 euros for minivans. The government agreed to pay a 50,000 euro scrappage fee for coaches older than ten years.
As mentioned above, Malta has also offered an EV subsidy scheme in previous years. And it is happy with the results. According to the official statement, the number of applications nearly doubled from 2022 to 2023. And the country recorded 14,447 electric vehicles by the end of last year. 10,350 of these were purely electric. The remaining 4,097 were plug-in hybrids.
Malta received 50.3 billion euros in funds from the EU under the Recovery and Resilience Plan (RRP) and has been allowed to use the money until the end of 2025. Initially, the funds were intended for the period 2022 to 2024 to address “challenges related to increased energy consumption and waste generation due to rapid population, employment, and GDP growth.”