Improved support program for the purchase of electric cars and hybrid cars

Support programs to increase state support for the purchase of a used electric car and a new hybrid car, as well as for the purchase of environmentally friendly cars for families with many children.

KEM states that the data of the survey conducted in the summer of 2023 on the promotion of electromobility in large families show that large families are very interested in buying an electric car or a hybrid car. Among them, 54% of respondents stated that they would gladly buy such a car if there was additional support within the existing support program, while 63% of respondents were interested in support for vehicles with at least seven seats.

Support for large families for the purchase of a five-seater electric car and a new externally chargeable hybrid car will be 6,750 euros, and for a five-seater used electric car – 5,000 euros.

If the family is interested in buying a seven-seater car, the support will be higher, considering that the price of seven-seater cars on the market is on average 30% higher. Accordingly, the support for a new seven-seater electric car and a new externally charged hybrid car will be 9,000 euros, and for a seven-seater used electric car – 6,750 euros.

In order for a representative of a large family to receive support, a Latvian Honorary Family Certificate is also required. Support will also be provided to foster families or families with many children, where the children live in the family under guardianship and also if the family has an adult person up to 24 years of age (not included), who obtains general, professional or higher education or performs 11 months of national defense service.

Residents who are interested in buying an environmentally friendly car will be able to buy it with a larger amount of state support. The state support for a used electric car is increased by 1,100 euros (from 2,250 euros to 3,350 euros), while if citizens are interested in buying a new externally charged hybrid car, the support is increased by half (from 2,250 euros to 4,500 euros).

In addition, if the resident is interested in writing off his old vehicle, which runs on gasoline, diesel fuel or gas, by handing it over to a processing company, he will be able to receive a “bonus” of 2,000 euros, which was previously 1,000 euros. “Bonus” applies to all residents, including large families who intend to buy an environmentally friendly car.

KEM points out that if the resident has chosen his electric car, which is currently not available in Latvia, the resident has the opportunity to conclude a contract by agreeing with the car dealer on the availability and purchase of the chosen electric car. If in this situation the resident has chosen to write off his old internal combustion engine car, KEM recommends doing so when the electric car has already been delivered and registered in Latvia.

When writing off his old car with an internal combustion engine, the resident receives a vehicle liquidation certificate “on hand”, which he submits to the car dealer together with the application for support. The process, while the documents are being reviewed, until the electric car can be used takes about a week.

The support program is available to residents from March 2022. KEM states that there are 1897 electric cars and hybrid cars on the roads of Latvia, which were purchased (co-financed) in the amount of 7.5 million euros in the amount of 7.5 million Euros. They are 24.3% of the total number of electric cars in Latvia.

Source: www.diena.lv