Another 600 million to meet automotive demand

Although the Council of Ministers on Tuesday adopted a royal decree-law allowing extend the Moves 3 plan to help electric vehicles until December 31, 2024.this Wednesday was indeed the day Sanchez chose to perform announcement with more detailsAs EL ESPAÑOL learned from government sources.

Sánchez’s exit, which was almost destroyed by his own government, as Maria Jesús Montero yesterday at a press conference anticipated some of the measures that the Prime Minister will announce today. In particular, the First Vice President, Minister of Finance, stated at a press conference of the Council of Ministers that “government support for electric vehicles will amount to 626 million.”

Well, although Montero put forward the figure of 626 million, in reality it would be Sánchez is the one who represents all the data, as EL ESPAÑOL – Invertia has learned with an investment of 600 million dollars.. And everything points to the fact that the announcement will be made today, presumably at a government control meeting in the Congress of Deputies.

Therefore, it can be understood that the Council of Ministers on Tuesday was an appetizer of measures in favor of the electric car, so that it would later be The president of the government is the one who reveals the main dish in front of the cameras..

And all this with supposed effect of “story”thereby creating a new blow to the weakened image of the executive branch with the resignation two weeks ago of the president of the manufacturers, Wayne Griffiths. The resignation, on the other hand, was not understood by the government as it worked to announce these measures.

Procurement and infrastructure measures

In particular, the measures that the government will announce will amount to the above-mentioned 600 million. And this amount will be directed to promote the purchase and use of electric vehicles among individuals and companies.. Thus, approximately more than half will be allocated to extend Move Plan 3.

Although it was initially reported yesterday that the Step 3 plan would be expanded by €200 million, the amount will ultimately be higher by combining subsidies from the general government budget and European recovery funds.

So with this amount There will be more than enough money to cover aid for pure electric vehicles, plug-in hybrids and charging stations through the end of the year..

We remember in this sense that In 2023, a total of 115,000 passenger cars were registered with traffic jams. and sales of plug-in hybrids and electric vehicles are about 45,000 units this year.

Therefore, at this rate, connected car sales in 2024 will be similar to those in 2023. In this sense, it is likely that the purchases will continue, partly due to Sanchez’s statement at the beginning of the year, in which he indicated that this electric car assistant would be modified throughout the year.

So now, thanks to these new measures from Sanchez, does not give the vehicle Direct Assistance approvalbut yeah, at least it sends a message that If someone wants a car with a plug, they will get help until the end of the year..

Thus, users will be able to benefit from subsidies from up to 10,000 euros when purchasing a plug-in hybrid or electric vehicle before December 31. This figure includes assistance under the Relocation Program and the personal income tax deduction.

We remember this too The personal income tax subsidies expire at the end of the year, December 31, as does the Move 3 extension.. Thus, the second half of the year remains possible. the scenario will start working already in 2025 with possible direct subsidies, which is what the car requires.

Charging stations, trucks and fleets

Along with assistance for the purchase of electric vehicles, which, as we have already noted, will amount to just over half of the 600 million, Sanchez will also announce specific budget for improving road fast charging infrastructure.

In particular, the Prime Minister will allocate a significant part of this amount for the installation Charging stations on main roads so that citizens lose the fear of making long trips on main roads and highways in an electric vehicle. Some fast and ultra-fast charging points, which will also be aimed at heavy vehicles.

Another new feature in this package of measures are help for heavy electric vehicles, a measure known as Moves Mitma and this represents the quantity 50 millionas Montero announced.

This figure represents a small relief for road transport, as assistance for electric vehicles expired at the end of April this year and there have been no subsidies since then. AND something similar happens with fleetsas they will also benefit from Sanchez’s announcement on a similar subject regarding heavy transport.

Like companies and the self-employed, they will also have tax benefits in the form of corporation tax on electric vehicles, promoting free depreciation.

Finally, The government has also appointed Red Eléctrica to oversee the monitoring and digitization of charging stations. Thus, it will be possible to learn from a centralized organization about the state of the charging infrastructure in the city. Spain, which currently has almost 30,000 points..