Government to offer incentive of €4,000 to buy electric vehicles costing up to €55,000

The Portuguese government is to offer incentives to encourage consumers to buy electric vehicles selling for up to €55,000 + VAT for those families who need more seats than are normally provided by the average car.

Up until now, the support offered by the Environmental Fund (Fundo Ambiental) for private individuals or families buying electric vehicles was capped at a final retail price of €38,500 plus VAT and all associated expenses.

This limit, which meant a total value of €47,355, will continue, But another category has been created for cars with a greater capacity to transport passengers.

This means that incentives will be given for those buying 100% electric cars retailing at €55,000 + VAT if these vehicles have six, seven, eight or even nine seats.

The amount of incentives given by the government is €4,000 for cars up to €38,500 or up to €55,000 if they have more than five seats.

“With a total pool of incentives worth €13,5 million, we want to ensure that the Portuguese can benefit from transport options that are more efficient and environmentally friendly”, said the Minister of the Environment and Energy, Maria da Graça Carvalho in a statement to the business daily Negócios.