Bonus for the development of the electric mobility also on existing vehicles: the 2022 Budget Law has allocated incentives for the electrical retrofit kit. This is the operation of replacing the old diesel or petrol engine with a electric motor. The contribution arrives up to 3,500 euros (tax bonus of 60%) to be applied to the cost of installing an electric motor instead of the thermal one. In the transformation operation, the exhaust pipes, the radiator and the cooling system are also eliminated, to be replaced by themanagement electronics and from battery pack.
Electric car retrofit incentives
Electric retrofit incentives up to December 31, 2022. The implementing decree of the Ministry of Sustainable Infrastructures and Mobility (Mims) together with that of Economic Development (Mise), has released the 14 million of euros allocated in the 2022 Finance Law, which provided for a bonus of up to 3,500 euros for those who want to convert their car with petrol or diesel heat engine into electricthrough the installation of a special electric retrofit kit.
This is an experimental measure in favor of those who homologate a vehicle in Italy by December 31, 2022. This incentive is also provided for i light commercial vehicles (M1, M1G, M2, M2G, M3, M3G, N1 and N1G).
Electric car transformation bonus, how the incentive works
The incentive for the transformation of thermal cars into electric cars (so-called retrofit kit) provides for a maximum contribution of 3,500 euros. The 60% of the redevelopment cost and to this incentive would be added that equal to 60% on the expenses for the stamp duty for the registration to the PRA.
The transformation of the vehicle should take place on the basis of the Decree of the Ministry of Infrastructure and Transport 219 of 2015. This is the so-called “Retrofit decree”which specifies the characteristics of the kit necessary for the requalification in accordance with the law.
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