The Government on Thursday announced a raft of new transport-related grant schemes, focussing on environmentally friendly initiatives, including one providing €9,000 for those that scrap vehicles older than 10 years and register new electric vehicles.
The five grants announced by Minister for Transport, Infrastructure and Capital Projects Ian Borg, are said to be the largest package of transport financial grants ever awarded through Transport Malta.
Aside from the aforementioned grant, drivers are now eligible for a grant of up to €400 per vehicle, if it is modified to use autogas.
For those that don’t have an old vehicle to scrap or simply don’t want to, an €8,000 grant is still available when registering a new electric vehicle.
Additionally, electric vehicle owners that purchased their vehicles either new or second hand in previous years are eligible to receive a grant, the amount of which depends on its age and the distance on its odometer.
Other schemes cover the use of dual-fuel systems on heavy-duty diesel vehicles and one offering a scheme offering grants for pedelecs, mopeds and low-performance motorcycles.
For those purchasing accessible-vehicles to be used for the rental or compensation of passengers, a €10,000 grant is available when licensing new vehicles.
Dr Borg commented, “We are once again here to continue offering more financial incentives to Maltese families in order to make use of more sustainable and efficient means of transport.”
“As a Government, we are committed to continue making a difference in order to achieve our main goal, and to maintain our European commitment as well.”
Demand for electric vehicles is on the rise. When comparing 2019 with 2020, the stock of electric and hybrid vehicles increased by 1,524 motor vehicles.
Additionally, in February, Transport Malta tabled a tender for the supply of 130 new EV charging pillars.
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‘The decision was primarily taken to strengthen the coordination between Government entities’