Wednesday 20 October 2021

Malta increases grants for EV buyers to €12,000

Malta has increased its grants for people buying electric vehicles (EVs) by €3,000 (£2,535).

Maltese Finance Minister Clyde Caruana announced the increase today, which will give €12,000 (£10,144) to people who buy a new EV and scrap an internal combustion car that is at least 10 years old.

The subsidy for buying a new EV or plug-in hybrid and not scrapping an old car has also been bumped up to €11,000 (£9,298).

EVs will also be exempt from registration tax and the payment of license fees for the next five years.

Malta aims to install 12,000 charging points across the country in the next three years, with minibuses, coaches and trucks becoming eligible for a €900 (£760) grant for installing solar panels.