FINANCIAL INCENTIVES

Transport Malta has launched nine schemes which together amount to €26 million to promote cleaner, smarter and sustainable transport in our country. A total of around €26 million in grants will be available to the public. This is the largest package of financial incentives for transport in the form of grants for the promotion of cleaner and more sustainable transport, says the team at Transport Malta.

Through these schemes, we are continuing to promote the use of cleaner and more environmentally sustainable means of transport. This is a direct investment in people, as we are not only offering them financial help to replace their vehicle, but also a direct investment in better air quality. “These grants are a demonstration of the Government’s environmental credentials and a commitment to continue making a difference in order to achieve our main goal of working diligently on the subject of alternative transport,” Minister for Transport, Aaron Farrugia said.

The first scheme that was launched consists of an investment of €15 million for the purchase of new electric vehicles. This scheme may include the purchase of new motorbikes for private individuals, nongovernmental organisations, businesses and private companies is funded by the recovery and resilience plan (RRP).

This grant scheme will help with the purchase of new electric vehicles in EU Categories L, M and N, consisting of passenger cars, vans, cargo vehicles, minibuses, coaches, quadricycles, motorcycles, and pedelecs, with the aim of reducing the number of old conventional motor vehicles from the road.

INCENTIVES FOR CLEANER, SMARTER TRANSPORT

Other incentives were also launched this March to promote cleaner and smarter means of transport. These schemes encourage vehicle owners to buy new, low-emission and environmentally friendly vehicles, or convert their current vehicle to a cleaner vehicle. The incentives include:

•Purchase of New and Used Plug-in Electric Vehicles and Used Electric Vehicles.

•Purchase of New Category L Vehicles running on Petrol including Bicycles New Petrol Motorcycles

•Retrofitting of Dual Fuel Systems on Heavy-Duty vehicles with Diesel engines and a scheme to incentivise more Auto Gas Powered Vehicles.

•Purchase of Wheelchair accessible Vehicles to be Used for the Transport of Passengers for Hire or Reward.

•Installation of Approved Photo-Voltaic Panels on Passenger Transport Vehicles.

•Retro Fitting of Vehicles with the DPF and SCR Technology

•Repowering of Vehicles and Motorcycles with an Electric Drive Train

Transport Malta’s Chief Officer for Land Transport Pierre Montebello said that as a transport regulator in our country, Transport Malta is committed to offer more opportunities to promote better and more environmentally sustainable transport. “We launched this scheme precisely for this reason, and together with other initiatives such as free public transport, Transport Malta is ensuring that we have cleaner, more efficient and sustainable transport in our country,” he added.

The grants will apply retroactively from 1st January 2023; accessible on www.transport.gov.mt until 31st December 2023.