Spain Extends MOVES III Program for Electric Vehicle Incentives
A new chapter opens in the electric mobility landscape: the government has announced the extension of the MOVES III electric vehicle purchase incentive program until July 2024. With €290 million still available, this extension offers an additional opportunity for those looking to join the transition toward more sustainable mobility.
The announcement, made after a Council of Ministers meeting, reflects the Spanish government’s commitment to sustainable mobility. Extending the incentive program is a crucial step to encourage electric vehicle adoption and reduce greenhouse gas emissions.
Since its launch, the MOVES III Program has been a resounding success, with demand exceeding all expectations. Applications for electric vehicle purchases and charging points have surpassed 250,000, showing growing public interest in adopting cleaner, sustainable technologies.
The extension until July 2024 provides an additional boost to this positive trend. With more time to take advantage of incentives, a larger number of people are expected to transition to electric vehicles, helping reduce carbon footprints and meet the country’s sustainability goals.
Transforming Spain’s Vehicle Fleet: Target 2030
At the forefront of innovation and environmental commitment, Spain embarks on a bold transformation of its transport infrastructure. The strategic push for vehicle electrification is not only progressive but necessary to address global climate challenges.
By 2030, it is projected that 5.5 million electric vehicles will be on Spanish roads, gradually replacing internal combustion cars. This target reflects a cleaner, greener future and a major milestone in combating climate change and reducing fossil fuel dependency.
The MOVES III Program aligns with broader European Union efforts to promote sustainable mobility. With financial support from the EU Recovery Fund, Spain advances toward a greener future for its citizens and contributes significantly to European sustainability targets.
Who Can Benefit from the MOVES III Plan?
The program targets individuals and companies considering the purchase of fully electric, plug-in hybrid, or extended-range electric vehicles. It is ideal for those renewing their vehicle fleet and businesses aiming to integrate more sustainable vehicles.
Certain conditions apply. The purchased electric vehicle cannot exceed a maximum price of €45,000, ensuring incentives target accessible models for a broad range of consumers.
MOVES III also provides support for installing charging points. Freelancers, individuals, homeowner associations, public administrations, and businesses can access funding to implement electric charging infrastructure at workplaces, homes, or public spaces.
This measure is essential to encourage electric vehicle adoption, ensuring drivers have convenient, accessible charging networks.
The plan also offers additional incentives for electric vehicle adoption. Extra grants are provided for scrapping old combustion vehicles when buying an electric one.
Additionally, there is a 10% increase in incentives for specific groups, such as self-employed workers using the vehicle for work, people with reduced mobility, and residents of towns under 5,000 inhabitants.
Incentives vary depending on the vehicle type and whether old vehicle scrappage occurs. Examples include:
- Passenger cars (M1) with fuel cells: €4,500 without scrappage, €7,000 with scrappage.
- Electric passenger cars (M1) with more than 90 km electric range: €4,500 without scrappage, €7,000 with scrappage.
- Electric vans (N1) or fuel cell vans: €7,000 without scrappage, €9,000 with scrappage.
- Electric motorcycles ≥3 kW, >70 km range: €1,100 without scrappage, €1,300 with scrappage.
For detailed information, consult the MOVES III program guide.
