Car incentives, funds to buy electric cars ran out in a few hours

TURIN – In less than nine euros, the entire allocation of 200 million euros to support the purchase of electric cars was exhausted. On the Invitalia platform for booking incentives, which started this morning at 10am, to buy vehicles with CO2 emissions from 0 to 20 micrograms of CO2. There are just over 41 million left, compared to the 200 million available, to incentivize the purchase of full electric cars. It’s the first time that subsidies for battery-powered cars have been snapped up. However, the contributions for low impact thermal cars (CO2 emissions from 61 to 135 micrograms) were not used at the same rate: at 10am just over 276 million were available, at 6pm just over 218 million. Money that usually disappeared quickly.

Numbers that will hopefully give new life to a slowing market. In May, 139,581 cars were registered in Italy with a decrease of 6.6% on May 2023. The final balance of the first five months then sees 726,311 registrations with a growth of 3.4% compared to the same period last year, but with a drop of 20.3% on the same period of 2019. On the results of the first five months and in particular, the long wait for the adoption of car purchase incentives had an impact on May.

The incentives are also welcomed by Minister of Business and Made in Italy, Adolfo Ursowhich on

Car incentives, go to the platform: rules and amounts. It’s a boom for electric

03 June 2024


“Reservations of electric cars with Ecobonuses start with a bang. Less than seven hours after the opening of the platform, 66.6% of the resources allocated by the Ministry of Business and Made in Italy and available on 3 June, 4.2% of the funds for hybrids and 21 .8% of those for low-emission endothermic cars,” they say by the Ministry of Business and Made in Italy led by Adolfo Urso, the father of the new system that revolutionized the one launched by the Draghi government. Not only richer subsidies, but more closely linked to the scrapping of older cars and with a premium, 25% more, for families who have an ISEE of less than 30 thousand euros.

Car incentives, from Monday 3 June the platform for requests will be launched

02 June 2024



“It’s pleasantly surprising – claims Gian Primo Quagliano, president of the Centro Studi Promotor, the high share of bookings for electric cars is certainly due to the size of the incentives, but hopefully also to an increased interest in this type of car. And the relative modesty of the booking quota for endothermic cars with emissions of no more than 135 grams of CO2 per kilometer is also surprising, cars for which in the past the allocations for incentives ran out in a very short time”.

Car incentives, dealers: “They arrive late, now we recover what we haven’t sold in five months”

by Diego Longhin

03 June 2024



For Federauto’s vice president, Plinio Vanini, the numbers don’t add up: “Something doesn’t seem right,” he says. What? “We’re trying to understand.” The analysis of the data is underway and according to the vice president, who is also the number one of AutoTorino, one of the largest distribution and sales holdings not in Italy, but at a European level, we need to understand what the strategies are on the part of the large car rental groups. For Motus-Ethe association that brings together companies operating in the electricity transition, there are two aspects to take into account: the hold that electric mobility technology is having on people, step by step, and the need to have adequate incentives economically and with medium and long-term planning.

 
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