The Government extends aid to buy electric cars until July 2024 with 290 million still available

The Government has extended the aid program for the purchase of an electric car for seven more months, until July 31, 2024, for which 290 million euros are still available. They are part of the total allocation of the 1.2 billion MOVES III Program, which has already received 250,000 requests for help and which, without the extension agreed on Tuesday, would have expired on December 31.

What has foreseeably been the last Council of Ministers of the Government in office before the new investiture of Pedro Sánchez has authorized this Tuesday the extension at the request of the Ministry of Ecological Transition to extend the period of application of a plan with which it wants to incentivize the purchase of electric vehicles and charging points to reach the goal of 5.5 million cars of this type circulating on the roads by 2030, to replace the fleet of vehicles with combustion engines.

The MOVES III Program has resources from the EU Recovery Fund and was allocated 1.2 billion, of which 290 million are still available, for aid that can continue to be requested until the end of July.

So far, the Ministry makes a positive assessment of its acceptance, which has exceeded expectations. In one of its milestones related to the electric vehicle, it recalls that the National Recovery and Resilience Plan established the objective of reaching 238,000 requests for help for electric vehicles and charging points in 2023 and that “the objective has been met” because “there are more of 250,000 registered applications”, to which he hopes that more will join with the money that is still available in this plan.