Corporate buyers to lead way in electromobility subsidies offer

Companies appear likeliest to be the first to embrace the government’s forthcoming subsidy package supporting electromobility purchases, corporate feedback has indicated.

Private buyers, too, are expected to express early interest in the electromobility subsidy package, but their focus will be on electric bicycle and motorbike purchases, not electric car purchases, as a result of the technical simplicity linked to these favored options.

Bicycles and motorbikes require just a battery to operate, whereas electric cars depend on the existence of an extensive recharging network, not yet available, for wider mobility.

Private buyers of electric cars are expected to emerge at a latter stage, once a sufficient recharging network has been developed.

Besides the lure of subsidies, additional tax and depreciation incentives will also drive companies towards making early-bird electric car purchases.

Companies will be offered subsidies of 5,500 euros for each of up to three electric car purchases, and up to six cars if based on islands.

Car dealers have, so far, reportedly been contacted by pharmaceutical companies, supermarket chains, telecommunication groups, IT companies, as well as smaller enterprises, all interested in replacing older vehicles with electric models.

The subsidy package includes bonus payments for new electric vehicle purchases if these are combined with withdrawals of older models.