Balearic Islands launch new EV subsidies

The government of the Balearic Islands has launched a new round of subsidies for the purchase of electric cars and the installation of charging stations under the Spanish eMobility subsidy program Moves III.

A total of 9.3 million euros in subsidies are earmarked for the Spanish archipelago of islands (including Mallorca, Menorca, Ibiza, and Formentera) from 5 July 2021, through 2024. Of this, 6.3 million euros are earmarked for subsidies for electric vehicles and 3 million euros for charging stations.

The key points defined in the Spanish eMobility subsidy program Moves III will apply: For example, the purchase of an electric car will be subsidised with 7,000 euros, provided that a vehicle more than seven years old is scrapped in connection with the purchase. For vans, the amount can be up to 9,000 euros. Without scrapping, the amount of the subsidy per electric car is up to 4,500 euros.

Plug-in hybrids and fuel cell cars are also subsidised up to 7,000 euros. The electric range must be at least 90 kilometres for the maximum subsidy. In addition, the subsidised car must not cost more than 45,000 euros (net). If this has 8 or 9 seats, a price cap of 53,000 euros (net) applies. Light electric vehicles and electric two-wheelers are also subsidised. Separate subsidy rates apply to commercial operators. A new feature in the Balearic Islands’ plan is that companies are subsidised for 50 instead of 30 vehicles per year.

Meanwhile, the Moves II subsidy plan will run in parallel until 1 October, meaning that buyers of new electric cars must decide which of the two programs they want to use. So far, 545 applications for subsidies have been received in the Balearic Islands under Moves II.

mallorcazeitung.es (in German), caib.es (in Spanish)