Malta Introduces $5,500 Grant For EV Purchases
The island of Malta has announced that it’s putting forth a grant program aimed at upping EV adoption.
The EV grant program provides buyers with €4,000 (5474.40 USD) for each qualified EV registration and €1,500 ($2,053.50 USD) for those who register an electric quadricyle.
Additionally, Malta will throw in an extra €1,000($1,369 USD) for EV buyers who register an EV, while at the same time depart with a vehicle that’s 10 or more years old.
The government of Malta has set aside €300,000 ($410,700 USD), which it says should cover the cost of the grants awarded out over the next 24 months.
Grant applicant will be awarded funds on a first-come, first-served basis.
Concurrently with the grant announcement, Malta says it’s in the process of establishing a National Electric Car Charging Network. The infrastructure rollout begins now, but it’s not scheduled to be complete until 2020.
Source: Times of Malta