Financial incentives in the form of grants to promote greener and sustainable transport

Financial Incentives in the form of grants to promote greener and sustainable transport

Transport Malta, in collaboration with the Ministry for Transport, Infrastructure and Capital Projects, together with Parliamentary Secretariat responsible for EU Funds has launched the largest package of transport financial incentives in the form of grants to promote greener and sustainable transport. A total of around €20 million in grants will be made available to the general public in 2022.

Malta has managed to acquire EU funds under the Maltese recovery and resilience plan (RRP) as a contribution to address challenges related to the steep increase in energy consumption and waste generation resulting from a rapid population growth, employment, and GDP growth in recent years. These funds, amounting to €50 million, will be spread over three years, starting from this year until the end of 2024. The objective of this investment is to instigate a wider shift towards electric mobility and reduce emissions from the sector of road transport in Malta by promoting the uptake of electric vehicles in the private sector and the commercial sector. These financial incentives are available to Maltese motorists so to make use of a more sustainable and efficient means of transport, and encouraging vehicle owners to purchase new, low emission and more environmentally friendly vehicles, or convert their current vehicle to a cleaner one. These grants are a demonstration of an environmentally friendly Government and a commitment to continue making a difference in order to achieve our main goal of working diligently on the subject of alternative transport.

A total of nine grants apply from the 1st of January 2022. Applications are open and can be accessed from the Transport Malta website https://bit.ly/FinancialIncentives2022