Financial Incentives 2022Press Release 3 MARCH 2022:
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 is launching 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.
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.
We are once again here to continue offering more financial incentives to Maltese motorists in order 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.
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 3 years, starting from this year until the end of 2024.
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 are being launched and will apply from the 1st of January 2022. Applications are open and can be accessed from the Transport Malta website https://www.transport.gov.mt/land/sustainable-transport/financial-incentives-2022-5440
General note: Grants 1 to 5 are available for all (persons, local councils, NGOs, businesses); Grant 6 is for transport undertakings; whereas Grants 7 to 9 are available to all owners of heavy-duty vehicles. Grants issued to businesses and to NGOs with an economic activity fall within the scope of State Aid rules.