In a bid to encourage the adoption of electric vehicles (EVs) and combat environmental concerns, the Flemish government has unveiled a limited-time bonus scheme for both new and used electric cars.
Under this scheme, prospective buyers stand to receive substantial financial incentives, but the window of opportunity is narrow.
The bonus initiative, spearheaded by Minister for Regional Mobility Lydia Peeters of Open VLD, offers a 5,000 euro bonus for new electric cars with a list price under 40,000 euros.
For used EVs, buyers can claim up to 3,000 euros if the vehicle’s original price was below 60,000 euros. However, the bonus is capped at 25% of the purchase price.
Applications for these bonuses opened today, marking the beginning of a pivotal period for the Flemish automotive industry.
Eligible new electric cars are those ordered after 25 September 2023 but not registered before 1 January 2024.
Meanwhile, used cars must fall within the age bracket of three to eight years to qualify for the bonus.
With over 30 models of zero-emission cars currently available in the Flemish market, predominantly from European brands, consumers have a wide array of options to choose from.
Minister Peeters emphasizes that the list of eligible vehicles is readily accessible at the application desk.
However, the government’s ambitious bonus scheme comes with a caveat. Despite allocating a substantial sum of 20 million euros towards these incentives, concerns linger regarding the adequacy of the budget.
The State Council had previously cautioned about potential inequalities arising if the demand surpasses the available funds.
In light of these concerns, the bonuses will only be available for the year 2024, leaving the fate of future incentives in the hands of the next Flemish government.
While initial plans envisioned extending the premium scheme to 2025 and 2026, the current administration has deferred this decision to their successors.
A spokesperson for Minister Peeters underscored the importance of addressing this issue during the upcoming elections for the federal parliament and regional parliaments on 9 June 2024.
The outcome of these elections will significantly influence the trajectory of EV incentives and sustainable mobility efforts in Flanders.
The announcement of these bonuses signals a proactive step towards promoting eco-friendly transportation solutions and reducing carbon emissions in the region.
As the automotive landscape continues to evolve, stakeholders anticipate how these incentives will shape consumer behaviour and the broader transition towards electric mobility.
In the midst of global environmental challenges, initiatives like these serve as vital mechanisms for fostering sustainable practices and securing a greener future for generations to come.
With the clock ticking on the availability of bonuses, the time for prospective EV buyers to capitalize on these incentives is now.
This article was created using automation technology and was thoroughly edited and fact-checked by one of our editorial staff members
