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Electric Vehicle Incentives in Spain


City landscape of Barcelona, Spain.

Photo: https://en.wikipedia.org/wiki/Barcelona#/media/File:Mariangela_Bonanni_In_Barcelona_-_City_Landscape.jpg

As of March this year, more than 674,000 electric and hybrid vehicles have been registered in Spain. During the last 12 months, this country has seen a sharp growth in sales of electric and hybrid cars, with January 2022 hitting a registration record. An increasing number of drivers in Spain are more inclined to choose electric cars rather than diesel or petrol ones. The soaring oil prices and poor economic landscape as well as environmental concerns and carbon-free goals combined spark the interest of drivers on a larger scale. According to a survey, 22% of Spanish car buyers are reported to consider diesel or petrol cars while 78% are said to take electric cars into account.

There are currently some tantalizing subsidies and incentives on electric vehicle purchasing and charging infrastructure in Spain to help electric vehicle adoption. The initiative running now is called Moves Ⅲ which is worth 800 million euros. It is initially used to achieve registration of at least 250,000 on Spanish roads by the end of 2023. In addition, a target of building 100,000 charging points also have been set to  prop up the initiative in a complementary way.

Electric vehicle purchasing incentives in Spain

Under this initiative, €7,000 will be accessible if you prepare to buy an electric car and scrap your old car at the same time by the end of 2022. And you will be eligible for €5,000 in the event that you still want to keep your old car. Moreover, there are also grants available for you to purchase a hybrid car. And €9,000 will be available for drivers to get an electric van.

Commercial EV charging incentives in Spain

For a company to install charging points, up to 30 percent of costs will be saved for charging infrastructure up to 50kW.

For infrastructure of >50kW, up to 55 percent of costs will be saved for small companies, 45 percent of costs will be for medium companies and up to 35 percent of costs will be saved for large companies.

If drivers want to install a charging station at home or your apartment for shared use, a grant will be provided for the purchase and installation activities.

Up to 70 percent of costs are available to inhabitants of municipalities with more than 5,000 inhabitants.

Up to 80 percent of costs are available to inhabitants of municipalities with less than 5,000 inhabitants.

In a word, the electric vehicle landscape in Spain will refresh the recognition of the global countries with its unrelenting efforts to EV transition.

Post time: Sep-01-2022