The Malta Independent 16 October 2019, Wednesday

Over 500 car owners benefit from grant scheme on purchase of new eco-friendly vehicles

Tuesday, 24 February 2015, 09:49 Last update: about 6 years ago

Transport Malta said today that the scrappage scheme, as announced in the 2015 Budget, has been taken up completely in the first two months. A total of 506 vehicles benefitted from the €400,000 grant allocated by the Government for this scheme. The successful initiative was planned to encourage people to dispose of their old vehicles and to invest in new cars with lower emissions.

Vehicle owners who applied for the scheme were entitled to a payment of between €700 and €900 upon the purchase of a new M1 motor vehicle (used for the carriage of persons and which may carry no more than eight passengers in addition to the driver, the CO2 emissions of which do not exceed 130g/km and its length does not exceed 4460mm, and is licensed for private use only) that qualifies for the grant scheme whilst at the same time de-registering a vehicle in the same category.

Transport Malta said that the scheme in the form of a grant to incentivise the purchase of Battery Electric Vehicles and Battery Electric Quadricycles which was announced last week is still applicable.




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