Información about the extension of the Moves III Plan until the summer of 2025
The Plan Moves III, a crucial initiative to promote sustainable mobility in Spain, has been officially extended until June 30, 2025. This extension, announced by the Ministry of Ecological Transition and the Demographic Challenge, aims to continue incentivizing the purchase of electric and low-emission vehicles. With a total investment exceeding 1.5 billion euros, the program will enable more citizens to access subsidies for acquiring eco-friendly cars and for installing charging points, thus consolidating a significant advance towards a greener future.
The Plan Moves III has been extended until June 30, 2025, allowing the continuation of aids for the acquisition of electric and low-emission vehicles. This decision aims to boost sustainable mobility in Spain and responds to the needs of the automotive sector for incentives that promote the purchase of more environmentally friendly cars.
Details of the extension
The recent extension of the Plan Moves III was announced by the Ministry of Ecological Transition and the Demographic Challenge, and has already been published in the Official State Bulletin. This measure is part of a continuous government effort to promote sustainable mobility and tackle current environmental challenges.
Economic benefits of the program
The Plan Moves III has a total budget of 1.55 billion euros, which will allow autonomous communities to manage requests for aids to purchase electric vehicles, as well as for the installation of charging points. This injection of resources is expected to boost the sales of eco-friendly cars in the country.
Tax deduction in the IRPF
In addition to the prolongation of the program, it has been decided to extend the 15% deduction in the IRPF for those who acquire an electrified vehicle. This tax incentive will be in effect until the same date as the extension, providing additional economic relief to citizens interested in transitioning to more eco-friendly transportation.
Expectations of the automotive sector
The decision to extend the Plan Moves III responds to the requests of the automotive sector, which had expressed concern about the lack of incentives promoting the acquisition of electric vehicles in Spain. The Spanish Association of Automobile and Truck Manufacturers (ANFAC) had urged the administration to maintain a solid plan that facilitates this shift towards sustainability.
Criticism and challenges of the Plan Moves III
Despite requests for faster and more effective alternatives since the beginning of the program, the government has opted for the extension. Although many expected to receive direct aids at the time of purchase, this extension of the plan aims to facilitate a more gradual transition towards electric mobility.
The future of electric mobility in Spain
With this new extension, it is expected that the foundations for a faster advance towards greener mobility in the country will be strengthened. As the end of the year approaches, expectations will arise about whether the electric car market will surpass the 5% market share it achieved the previous year or if it will fall short of this goal, a key indicator for the automotive industry as a whole.
For more information on the purchase of electric vehicles and errors to avoid, you can consult online resources such as What no one tells you before buying an electric motorcycle and Don’t buy an electric car without seeing this. Additionally, if you want to know when is the best time to buy a new car, you can read this guide for 2024.
The extension of the Plan Moves III until June 30, 2025, represents a significant advance in the promotion of sustainable mobility in Spain. This program, designed to facilitate the acquisition of electric and low-emission vehicles, will have a total allocation of 1.55 billion euros, an important investment aimed at incentivizing the transition to cleaner transportation.
The government’s decision to extend these aids demonstrates a commitment to environmental policies and responds to the demands of the automotive sector. Despite criticism and the search for more agile alternatives, this extension seeks to consolidate a support framework that allows autonomous communities to continue managing requests for assistance for the purchase of sustainable vehicles and the installation of charging points.
In addition to the extension of the plan, it has been decided to maintain the 15% deduction in the IRPF for those who decide to opt for an electrified car. This tax incentive is a key tool that can motivate more citizens to make the leap towards electric mobility, thus facilitating its integration into the daily lives of Spaniards.
This move also aims to increase the market share of electric vehicles, which is still below 5%. The hope is that, with these incentives, the market can surpass this barrier and finally advance towards more sustainable mobility, aligned with the goals of decarbonization and improving the global environment.
With this extension, it is expected that more individuals and families will be encouraged to replace their vehicles with cleaner and more efficient options, thus contributing to a healthier and less polluting future for all. Sustainability in transportation is not just a goal; it is an urgent need that benefits from chapters like that of the Plan Moves III.
