Car incentives 2022, the green light is coming. Here’s how they work

The car incentives 2022 they have finally arrived. Yesterday evening, the Prime Minister Mario Draghi signed the Dpcm which redesigns and finances new contributions for the purchase of new cars (and more). A measure necessary to support a sector in difficulty, hit first by the pandemic and then by the chip crisis. And more recently, the problem of parts supply has been made worse by the outbreak of the terrible conflict in Ukraine, causing further difficulties for the automotive industry. So let’s go into the details and see how the new incentives will actually be structured,

THE NEW INCENTIVE STRUCTURE

As we know, the Government had allocated 700 million euros in 2022 to support the auto sector and then around 1 billion euros per year until 2030. According to the decisions, in 2022, 2023 and 2024, the incentives will be allocated € 650 million. The biggest contributions, as expected, will go to electric and plug-ins. But let’s go in order.

To cars with emissions between 0-20 g / km of CO2 (the electric ones), the bonus is 3 thousand euros. In case of scrapping, the incentive will go up to 5 thousand euros. Beware, though, cars shouldn’t cost more than 35 thousand euros + VAT. This category is funded with 220 million in 2022, 230 million in 2023 and 245 million in 2024.

The cars that fall into the 21-60 g / km range of CO2 (the Plug-ins) will receive a contribution of 2 thousand euros which can rise to 4 thousand euros with scrapping. These models they must not cost more than 45 thousand euros + VAT. This category is funded with 225 million in 2022, 235 million in 2023 and 245 million in 2024.

Finally, the new 2022 incentives also include a contribution for cars that fall within the range 61-135 g / km of CO2. A contribution of 2 thousand euros but only in case of scrapping. The spending limit is 35 thousand euros + VAT. This category is funded with 170 million in 2022, 150 million in 2023 and 120 million in 2024.

Speaking of scrapping, the cars will have to be of a class below Euro 5 (owned for at least 12 months). The scheme is therefore the following.

  • Auto 0-20 g / km of CO2 (up to 35 thousand euros + VAT): 3 thousand euros without scrapping – 5 thousand euros with scrapping (220 million euros in 2022)
  • Car 21-60 g / km of CO2 (up to 45 thousand euros + VAT): 2 thousand euros without scrapping – 4 thousand euros with scrapping (225 million euros in 2022)
  • Auto 61-135 g / km of CO2 (up to 35 thousand euros + VAT): 2 thousand euros with scrapping (170 million euros in 2022)

Incentives for the purchase of new vehicles are granted only to natural persons. A small percentage of the funds is reserved for car sharing companies for the purchase of electric, hybrid and plug-in vehicles.

NOT ONLY FOR CARS

The 650 million euros will not only be used for cars (in fact, 615 million euros will be used) but also for commercial vehicles, electric and hybrid mopeds and motorcycles and thermal mopeds and motorcycles. Let’s go into the details.

In favor of small and medium-sized enterprises, including legal persons, carrying out activities of transport of things on their own account or on behalf of third parties, contributions are also provided for the purchase of commercial vehicles of category N1 and N2, brand new, exclusively powered electric. The incentive is granted with the simultaneous scrapping of an approved vehicle in a class lower than Euro 4.

  • 4 thousand euros for N1 vehicles up to 1.5 tons
  • 6 thousand euros for N1 vehicles over 1.5 tons and up to 3.49 tons
  • 12 thousand euros for N2 vehicles from 3.5 tons up to 7 tons
  • 14 thousand euros for N2 vehicles over 7 tons and up to 12 tons

This category is financed with 10 million in 2022, 15 million in 2023 and 20 million in 2024. As regards, however, electric and hybrid mopeds and motorcycles, the Government has decided to allocate 15 million euros for the years 2022, 2023 and 2024. Nothing will change compared to the past. The contribution, therefore, will concern the categories L1e, L2e, L3e, L4e, L5e, L6e and L7.

  • Incentives equal to 30% of the purchase price, up to a maximum of 3 euros without scrapping
  • Incentive equal to 40% of the purchase price, up to a maximum of 4 thousand euros with the scrapping of a motorcycle in a class from 0 to 3 euros

Finally, for thermal mopeds and motorcycles (categories L1e, L2e, L3e, L4e, L5e, L6e, L7) a contribution of 40% of the purchase price and up to to 2,500 euros with scrapping This category is financed with 10 million in 2022, 5 million in 2023 and 5 million in 2024.

When will the new incentives take effect? Only after registration by the Court of Auditors and publication in the Official Gazette. Furthermore, it could then take a few more days to adapt the IT platform through which dealerships can book bonuses.


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