The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
The Malta Chamber of SMEs earlier this week organised online information session on the new schemes for the purchase of Electric Vehicles announced last week by Transport Malta.
The information session was aimed for businesses intending to purchase new vehicles in the years to come. The new schemes caters for different requirements and subsidise cost for the purchase of EVs. This time round the grants available also cover investment costs for standard M1 vehicles up to the purchase of large passenger vehicles (coaches).
The amount in grant also ranges from Eur 13,000 per M1 vehicles (up to 10 vehicles) up to Eur 250,000 for large passenger vehicles.
Following feedback submitted by the SME Chamber, grants available for the purchase of large fleets, fall under the General Block Exemption Regulation, meaning that businesses who already exhausted their allocated amounts under the de-minimis regulation (Euro 200K). In this case grants cover the investment cost of the vehicle (the difference in price between an ICE vehicle and an Electric Vehicle) rather than a specified lump sump.
The session was delivered by 2 of Transport Malta top officials, Mr Gilbert Agius, Deputy Chief Officer at Transport Malta and Ing. Ronald Attard Pullicino, Manager, Transport Services at Transport Malta.
Members present were able to direct questions to Transport Malta. A detailed report, together with the session recording will also be sent to members for their perusal.
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