After several months of uncertainty and some controversy, the la is announced extension of Moves III, the current aid plan for the purchase of electrified vehicles nationwide. It comes after complaints from manufacturers, including the resignation of Wayne Griffiths (CEO of Seat and Cupra) as president of ANFAC. It is a extension until the end of the yearspecifically until December 31, 2024, with an additional budget that allows many users to renew their old car for a more environmentally friendly one.
It comes at the right time, since the current extension was valid until July 31. There is no big news and the conditions of the current Moves are maintained. This means that interested parties will be able to benefit from aid of up to 7,000 euros in the case of purchasing an electric vehicle and handing over an old vehicle to be scrapped. That is also maintained deduction of up to 3,000 euros in personal income tax for the acquisition of an electric car, a measure that was announced last year and is valid until the end of this year.
The aid for Moves III has been expanding since its launch with 400 million euros in 2021 to 1,200 million accumulated until July of this year. The new extension consists of an extension of that budget of 300 million euros to reach a total of 1,500 million before we see changes (or not) in 2025. According to the Government, 112.74 million of the current allocation still remain to be allocated, something that depends on the autonomous communities. And that is have exceeded 250,000 applications recorded in this period.
On the other hand, the Ministry for the Ecological Transition and the Demographic Challenge has also confirmed aid of up to 450 million euros for the transformation of heavy vehicle fleets in transport of goods and passengers by road, due to an expansion of 50 million. All this at a time when the electric market seems to have slowed down and your quota is below 5% in Spain. We will see if it helps to recover and get closer to the 13% European level or the 22% that they have set as a goal for 2025.
