In response to the slowdown in electric vehicle (EV) purchases following the halving of the Rabla Plus voucher, the Romanian Ministry of Environment, Waters and Forests has announced the reallocation of unspent funds to the program's legal entity segment. This decision aims to stimulate EV adoption among businesses while addressing the reduced demand among individual buyers.
The Rabla Plus voucher for EVs was cut from €10,000 to €5,000 in December 2023, leading to a decline in individual purchases.
Unspent Rabla Plus funds will be redirected to support EV acquisition by legal entities, where demand remains strong.
The ministry is exploring the introduction of operational leasing subsidies for EVs in the 2025-2030 financial period.
Minister Fechet's Remarks
"Globally, there is a strong momentum towards electric cars, whether we are talking about certain manufacturers in Europe or outside Europe, or about the purchasing trends for these cars," stated Mircea Fechet, Minister of Environment,Waters and Forests. "In Romania, I have been told that, for example, in the case of Rabla Plus, after the Ministry of Finance decided in December last year to halve the voucher for electric cars from €10,000 to €5,000, things are going better for legal entities, but for individuals it is below our expectations. That is why we can only distribute those unspent amounts, because Romanian companies, as long as they have exhausted their budget, probably have the capacity to draw some more money from it. Not to mention the fact that a car that is used in a company, statistically speaking, travels more kilometers than a car used by an individual."
Subsidizing Operational Leasing for EVs
The ministry is considering the introduction of operational leasing subsidies for EVs in the 2025-2030 financial period.This initiative aims to further encourage EV adoption and address the challenges faced by individual buyers due to the voucher reduction.
Growing Market Share of Electrified Vehicles
Despite the recent decline in full electric vehicle sales, the overall market share of "electrified" vehicles, including full electric, plug-in hybrid, and full hybrid models, has reached 23.5% as of April 2024. This represents a significant increase of 11.3 percentage points compared to diesel-powered vehicles, including mild hybrid diesel engines.
Continued Support for EV Adoption
The Romanian government remains committed to promoting the adoption of electric vehicles through various initiatives and funding mechanisms. The reallocation of Rabla Plus funds and the exploration of operational leasing subsidies demonstrate this ongoing commitment to a cleaner and more sustainable transportation future.
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Source: Ziare.com
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