The Moves III Plan deadline has been extended until December 2024

The Government of Spain has approved an extension of the Moves III Plan until 31 December 2024, replacing the previous deadline, set for 31 June 2024. A budget extension has also been added to this added time: 350 million euros.

The Moves III Plan was approved in 2021 with a budget of 400 million euros and it has been expanded twice, up to 1.2 billion euros. And so, the total budget of the initiative has attained 1,550 million euros after this new extension. The Government is setting out to promote electric mobility, facilitating access to electric vehicles.

New funds

The extra 350 million euros comes from the General State Budgets (200 million) and the Recovery, Transformation and Resilience Plan (150 million). In addition, another 50 million has accrued to these amounts for expansion of the MITMA heavy vehicle plan.

Cabinet Announcements

In June new measures were announced by the Cabinet, with the approval of the enlargement, whose purpose is to benefit the promotion of the decarbonisation of transport:

• Extension of the deadline until 31 December 2024, with an extra 200 million euros. 
• Allocation of 50 million euros to companies that invest in zero-emission heavy vehicles for transporting goods and people, called the Moves Fleets Plus Plan.
• Replacement of accelerated depreciation with unrestricted depreciation in terms of corporate income tax for 2024 and 2025 with regard to the purchase of electrified vehicles and the installation of charging points. In addition, its application to self-employed people who pay personal income tax is included, as well as to companies.

What hasn’t changed?

They maintain the amount of aid and methodology for receiving them. In this way, the maximum to be received for the purchase of an electric vehicle amounts to 7,000 euros, as long as another old vehicle is handed over to be scrapped. The waiting periods for receiving subsidies have also remained intact.

Which subsidies can I access?

The Moves III Plan is a good starting point to take the step towards sustainable mobility and benefit from the incentives and subsidies that it offers. Although some of the main issues when making this decision are those related with which vehicles are included and what are the subsidies that can be accessed.

The Moves III Plan includes subsidies to electric, plug-in hybrid and hydrogen fuel cell vehicles and the amounts vary depending on the engine, category and autonomy in electric operating mode:

• Fuel cell vehicles (FCV, FCHV) under the category M1:
  • Subsidy: 4,500 euros without scrapping and 7,000 euros with scrapping.
• Plug-in hybrid vehicles (PHEV), extended range electric vehicles (EREV) and battery electric vehicles (BEV) under category M1:
  • With an electric range greater than or equal to 30 km and less than 90 km:
    • Subsidy: 2,500 euros without scrapping and 5,000 euros with scrapping.
  • With an electric range greater than or equal to 90 km:
    • Subsidy: 4,500 euros without scrapping and 7,000 euros with scrapping.
  • Sale price limit: 45,000 euros (53,000 euros for BEV vehicles with 8 to 9 seats).
• Plug-in hybrid vehicles (PHEV), extended range electric vehicles (EREV), battery electric vehicles (BEV) and fuel cell vehicles under category N1:
  • With an electric range greater than or equal to 30 km:
    • Subsidy: 7,000 euros without scrapping and 9,000 euros with scrapping.
• Battery Electric Vehicles (BEV) under categories L6e, L7e, L3e, L4e and L5e, with power greater than 3 kW:
  • Under categories L3e, L4e and L5e, with an electric range greater than or equal to 70 km:
    • Sale price limit: 10,000 euros.
    • Subsidy: 1,100 euros without scrapping and 1,300 euros with scrapping.
  • Under the category L6e:
    • Subsidy: 1,400 euros without scrapping and 1,600 euros with scrapping.
  • Under the category L7e:
    • Subsidy: 1,800 euros without scrapping and 2,000 euros with scrapping.

These subsidies are designed to encourage the adoption of more sustainable vehicles and reduce the environmental impact of transportation. And with this wide variety of options and subsidies available, Moves eases the transition to cleaner, more efficient mobility.