The Government reactivates aid to buy electric cars

04/01/2025

Updated at 14: 01h.

After three months that Spain was left without an incentive plan for the purchase of electric vehicles, the Council of Ministers has announced that 400 million euros will be provided to promote decarbonized mobility in our country.

This was highlighted by the Minister of Ecological Transition, Sara Aagesen, whose portfolio will be responsible for coordinating the new plan, a tracing of the Moves III that ended on December 31, 2024. Now, the new one will apply retroactively from January 1 and will have a temporary extension until the current year ends to distribute its 400 million budget.

The funds will continue to be assigned to the Autonomous Communities by the IDAE and the maximum amount to which a customer can opt is 7,000 euros, as long as a car more than 10 years of age is eliminated. Otherwise, the maximum help is 5,500 euros.

In addition, the Government decided to extend 15% deduction in IRPF of up to 3,000 euros for the purchase of an electric for individuals. This makes the total discount amount to 10,000 euros of the final price, one of the highest incentives in the entire European Union.

However, the main criticisms to which Moves III was submitted during the last year are still in force: the amount of amount allocation can be too prolonged – in the previous case they could exceed the year – and there was an unequal assignment of the budget between the different regions, since some almost immediately exhausted their funds while others took to materialize orders.

Although three months after the expected and with considerable uncertainty on the buyers, the government relieves the concerns of the sector that, engaged in the transition to the electric car, demanded that the incentives were the only way to achieve the ambitious objectives of the EU.

Despite the lack of Moves, the sales of electric cars have experienced strong Auges during the first quarter, with a growth of 45% for electrified vehicles (that is: electric and plug -in hybrids), with 40,253 units sold.

This is explained, in part, to the hardening of Clean Air For Europe (CAFE) regulations since January 1, 2025, and many of the manufacturers delayed their electrical cars orders until this year to reduce their CO2 average.

In addition to electric cars, Moves also includes aid for load infrastructure, with amounts that vary between 20% and 80%.

The representatives of the sector have not taken to celebrate the government’s decision. The president of Ganvam, Gerardo Cabañas, valued it pointing out that “insuffla immediately in the market”, but considers that tracing the Moves III is “a good transitory solution.”

The decision to prolong the measure last year is because it was much more pragmatic than to design a new one from scratch, but much of the claims of the sector were for another model of coordination of the funds, without having to go through the CCAA and immediate.

In this line, Ganvam sets as an example the Reinicia Plan that was articulated after the impact of the DANA in Valencia last October, which included aid for the purchase of occasion vehicles with less than three years old. This, says Cabañas, “would boost demand and promote the rejuvenation of the park.”

Although Aagesen announced during the press conference that “improvements are introduced in the simplification of the processing”, these have not been detailed and it is not known to what extent they will apply or how change with respect to the 2024 plan.