Malta launches €34million grant programme for EVs
The new grant programme is part of a wider system of incentives for EV adoption, with the funds being allocated throughout 2025. The size of the grant varies by the type of vehicle being purchased and applies to new vehicles only.
- Pedelecs: €500
- Cargo Pedelecs, Mopeds, Motorcycles: €2,000, but not more than 80% of retail price
- Tricycles, Quadricycles, Heavy Quadricycles: 25% of CIF (Cost, Insurance, Freight value). A minimum of €2,000, capped at €6,000
- Cars with up to 9 seats & vans up to 3500kg: €8000, if sale price is up to €40,000, or €6,000, if the sale price is over €40,000 but below €100,000
Additionally, drivers can take advantage of the government’s vehicle scrappage grant, which pays up to €500 for mopeds or motorcycles and up to €1,000 for cars and vans. This comes with some caveats, namely that the scrapped vehicle must be at least 10 years old on the date of scrappage; must be licensed with Transport Malta before scrappage or purchase of a new vehicle; and must be destroyed at an authorised demolition facility. Customers must then produce a valid destruction certificate dated between 2024 and 2025.
This means if someone were to buy a new electric car worth €40,000 and scrap their current vehicle, they would only pay €31,000 in total, thanks to €9000 of total grant funding. Additionally, drivers with an older vehicle registered on Gozo – Malta’s second-largest island – are eligible for an additional scrappage grant of €1,000, further bringing down costs.
In a statement, Malta’s transport ministry said: “The scheme aims at reducing the number of older conventional motor vehicles from the road […] The grant will remain available until the 31st of December 2025 or until the budgeted funds are exhausted.”
This year’s grant program follows a similar incentive scheme in 2024, which saw the Maltese government earmark €15m for the purchase of new electric vehicles.
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