Malta has set aside 15 million euros for the subsidization of electric vehicles, including pedelecs and electric motorcycles, in 2024. This initiative extends to both purchase premiums for new electric vehicles and scrappage incentives for old combustion engines.
The subsidy scheme, initiated in 2022, is primarily targeted at professional fleets, with a focus on supporting companies transitioning to electric mobility, particularly those dealing with large vehicles. Under the new electric vehicle purchase scheme, the Maltese government plans to offer up to 11,000 euros for electric cars and vans, with larger amounts earmarked for vehicles used in passenger or goods transportation. The exact amounts will be determined on a case-by-case basis. Electric motorcycle, tricycle, or quadricycle buyers can expect subsidies ranging from 2,000 to 6,000 euros, while pedelec purchasers will receive a fixed grant of 500 euros.
Additionally, Malta’s scrappage initiative offers incentives for the disposal of old non-electric vehicles, providing amounts ranging from 500 euros for motorcycles to 30,000 euros for minivans. The government has also agreed to pay a 50,000 euro scrappage fee for coaches older than ten years.
Malta’s previous EV subsidy schemes have seen considerable success, with the number of applications nearly doubling from 2022 to 2023. By the end of last year, Malta reported a total of 14,447 electric vehicles, comprising 10,350 purely electric vehicles and 4,097 plug-in hybrids.
The country, having received 50.3 billion euros in funds from the EU’s Recovery and Resilience Plan (RRP), aims to utilize the funds until the end of 2025. Initially intended to address challenges related to increased energy consumption and waste generation due to rapid population, employment, and GDP growth, the funds have played a role in promoting sustainable practices, including the adoption of electric vehicles.
