Explaining Plan VEA through 6 questions
The new plan for subsidies to purchase electrical vehicles, with a €16.6 million budget, enters into force in July. We will tell you everything you need to know to date, and here is some advice: be prepared, because these subsidies will “fly off the counter” in just a few hours.
1-Is it just another plan?
In a way, yes. The success of electric cars is taking the industry and the government by surprise. For this reason the two previous plans used up their budgets in just a few hours, although they were planned to last for several months. The MOVEA Plan, from August 2017, had a budget of €16.6 million and the MOVALT plan in December the same year, €20 million. They only lasted a few hours after the plans entered into force.
2-What does it consist of?
The acronym VEA stands for Vehículos de Energías Alternativas (Alternative Energy Vehicles), and includes, apart from electric vehicles, hybrids, plug-in hybrids, compressed natural gas vehicles (CNG) and petroleum liquefied gas vehicles (PLG). Just like the Move and Movalt vehicles, the plan earmarks subsidies for a total of €16.6 million for the purchase of any of these vehicles. This falls within the budget item of €50 million approved in the State General Budgets for electric mobility, which includes, for example, investment in recharging infrastructures.
3-When does it enter into force?
The Secretary for Industry and the Small and Medium-Sized Company, Begoña Cristeto, announced in May that the plan will be activated as of July. For the time being, it does not appear that this will change with the new Government.
4-How much money can I earn?
Although there is no exact figure, everything suggests this will be similar to the MOVEA plan, which had subsidies of up to €5500 per buyer, according to the type of vehicle.
5-How do I apply for this?
There is still no specific information in this regard, but it would be logical for the process for receiving subsidies to be similar to that used in previous plans, that is: they are requested by means of sales outlets or authorised dealers.
6-Is it my interest to wait for the plan to enter into force?
Yes, because it will be up and running in less than a month, but we recommend that you be very vigilant, because, given prior experience, the subsidies “fly off the counter” in less than 24 hours. Interestingly, the announcement of the AEV plan in April has not led to a reduction in sales of electric cars: in May, 877 vehicles of this kind were registered, 53% more than the same month in 2017, according to data from the Spanish Association of Car & Truck Manufacturers (ANFAC). This year alone, compared to last year the increase in sales of electric vehicles was 103.5%.