A new government subsidy opens up electric car ownership in Czechia

Published: 10.04.2024 Related countries:  Czech Republic Czech Republic

A subsidy for businesses and entrepreneurs will accelerate changes to driving habits by significantly discounting the cost of buying an electric vehicle

Czechia is aiming to emulate their success, introducing significant financial contributions for entrepreneurs and businesses to make “going electric” a more appealing proposition.

Aiming to encourage Czechia’s switch from internal combustion engine to electric vehicles, the Ministry of Industry and Trade has introduced a subsidy that supports entrepreneurs and businesses buying electric vehicles.

As part of the “Electric Mobility Guarantee” initiative, CZK 1.65 billion has been allocated to support purchases of electric cars. For individual buyers, this means a contribution of CZK 200,000 for the purchase of a single electric car, or CZK 300,000 for the purchase of heavier electric vehicles. To be eligible for the subsidy program, cars cannot be worth more than CZK 1.5 million excluding VAT. Applications for the subsidy open at the end of March, with companies of any size as well as individual entrepreneurs eligible to apply.

Another section of the subsidy, worth CZK 300 million, is dedicated to the construction of electric car charging stations. The development of sufficient charging infrastructure is crucial to the widespread adoption of electric vehicles. Taken together, these contributions will enable companies and individuals to fully step into the electric era.

Delivered by CzechTrade team Canada.
Source: Expats.cz.