Ecobonus in Italy: bookings for buying ‘green’ cars now open

  Fuels, NEWS & INTERVIEWS, Sustainable Mobility, Technical innovation

A fund of 350 million euros has been set aside and contributions vary based on scrapping the old vehicle and its emissions

The new incentives for buying ecological cars envisaged by the Sostegni-bis decree are now being implemented in Italy. Bookings activated through the platform of the Ministry of Economic Development (MISE) opened on 2 August. These bonuses refer to purchases of low carbon emission vehicles (up to 135 g/km), with and without scrapping and will remain available until 31 December unless the fund is fully utilized beforehand. Concessions may also be requested for commercial and special vehicles. The incentives vary in relation to scrapping the old vehicle and its emission levels.

The funds made available in the automotive sector are intended for purchases of low-carbon cars were re-financed with 350 million euros, thanks to the ratification of the Sostegni-bis decree into law. In particular, 200 millions will be available for scrapping vehicles with emissions from 61 to 135 g/km, with a contribution of 1,500 euros; 60 millions for taking advantage of the additional bonus for purchasing vehicles with emissions up to 60 g/km and a contribution of 2,000 euros when scrapping an old vesicle and 1,000 euros without this; 50 millions for purchases of commercial and special vehicles, of which 15 millions for electric vehicles (as of 25 July it is possible to purchase this type of vehicle on lease); 40 millions to buy used M1 category vehicles, with a class no less than Euro 6 and emissions up to 160 g/km.

The contribution for used cars comes to 2,000 euros, depending on the emission band: the bonus is issued when scrapping a vehicle registered before January 2011 or ten years old when requesting the eco-bonus. Applicants for this incentive will have to wait for the necessary technical adjustments on the Ministry’s platform.

The procedure for new cars initially envisages prior registration by sellers in the pertinent area of the site in order to book contributions relating to individual vehicles and thereby obtain a booking registration receipt. The transaction must be confirmed within 180 days of booking and the contribution is issued to the buyer through a discount on the purchase price. Sellers are reimbursed by the companies that build or import the vehicles, which in turn layer recover the amount of the contribution in the form of tax credits. A different procedure will be implemented on the Ministry platform for used vehicles, on the other hand.