Nearly all EU countries offer EV purchase incentives: ACEA
The European Automobile Manufacturers Association said Wednesday 21 out of the 27 European Union countries currently offer purchase incentives for electric vehicles, Kallanish reports.
The 2022 overview published by ACEA shows four new countries have introduced purchase benefits compared to last year. The analysis indicates nearly all EU member states now offer some sort of fiscal support to stimulate the market uptake of EVs. However, the nature and the monetary value of these tax benefits and purchase incentives still differ widely across the bloc.
Bulgaria, Denmark, Estonia, Latvia, Malta, and Slovakia still provide no purchase incentives, and most of them merely grant tax reductions or exemptions for EVs. Of that, Estonia is the only country without any fiscal stimuli at all; Denmark offers minimum rate taxes on purchase and ownership; and Bulgaria exempts EV from ownership-related taxes.
ACEA’s overview shows Cyprus is the most generous in its purchase incentives, offering up to €19,000 ($18,760) to buy a BEV and €1,000 to scrap an old car. The country also gives up to €100,000 towards e-buses, and €20,000 towards e-trucks.
Romania is also working hard to boost EV penetration, granting €11,500 for BEVs, €6,400 for PHEVs and €3,300 for HEVs. Yet, Germany, one of the biggest EV sellers in Europe, continues to offer one of the highest incentives in the bloc. Up until 31 December, buyers can claim €9,000 in purchase bonus for BEVs and FCEVs and €6,700 for PHEVs, as long as they cost €40,000 or less.
Some countries offer different incentives including cashback on retail prices, some limit benefits per household, and others are running scrappage schemes.
The UK is the only major European market to have zero upfront purchase incentives for EV car buyers, despite having the most ambitious plans for uptake.
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Anonymous
Very good overview of the weekly steel market.
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