According to Jornal de Negócios, the competition, which opened on Monday, had a total budget of 13.5 million euros, of which 5.7 million were earmarked for the purchase of 100% electric passenger cars by individuals and three million were earmarked for the purchase of the same by social institutions.
For the purchase of conventional bicycles, the funds for which have also already run out, 200 thousand euros were allocated, accessible to individuals or legal entities.
The government now wants to seek additional funding “to expand” the number of beneficiaries of this incentive, Maria da Graça Carvalho told the newspaper. Regarding where these funds can be obtained, the government official pointed out that “there are things that take a long time to be implemented, that are not implemented, that are abandoned, and the management of funds is like this, when they are not implemented, when they take a long time, you have to put yourself in a position to implement them”.
After having money left over last year, this year, there is a lack of resources for so many requests for “checks” for electric vehicles. Although the allocation for support for the Environmental Fund has already been increased, there is a strong demand that has already exhausted the “checks” available for some of the categories, including electric cars.
Instead of cutting checks, why not cut down the tax rate at purchase? Portugal wants us to buy electric cars (I did, e2008) but does NOTHING to offset the higher cost €38k vs. €23 for same version.
By Mark from Lisbon on 05 Apr 2025, 22:11