Regional Regulatory Decree no. 4/2021/A was published on April 26, regulating the allocation of financial incentives for the consumption of new electric vehicles, as well as the allocation of financial incentives for the acquisition of charging points for electric vehicles. The amounts and conditions for the attribution of financial incentives to be given to natural and legal persons of private law with tax residence in the Autonomous Region of the Azores were established.
Eligible are new electric vehicles introduced in the regional market since January 1, 2021, through the acquisition or leasing contract with a 60-month minimum duration.
For this incentive are considered new passenger and goods light motor vehicles, exclusively electric, categories M1 and N1; two-wheeled motorcycles of category L3 and/or mopeds of category L1e-B, exclusively electric, subject to registration; three-wheeled tricycles of category L5e, or quadricycles, light or heavy, passenger or goods, of categories L6e-BP, L6e-BU, L7e-CP and L7e-CU, exclusively electric, subject to registration; powered cycles, bicycles with electric assistance, powered by the driver’s effort, through pedals or similar devices, intended for use in cities; and charging points for electric vehicles.
The application period will run until 90 days after the introduction of the new electric vehicle or the purchase of the charging point. The deadline is counted from the date of the last invoice, in the case of acquisition, or the date of contract signature in the case of leasing contracts.
The incentive corresponds to the assignment of a financial support, and surcharges may be assigned, particularly to beneficiaries who enjoy a time-variant electricity rate (bi-hourly, tri-hourly, or tetra-hourly rate), light vehicles that present proof of the scrapping of a vehicle, and those who have a physical disability with a degree of disability equal to or greater than 60%, among others.
The beneficiary is allowed to accumulate incentives with others of a similar nature indicated in national legislation.
The subsidized vehicles and recharging points must be kept by the beneficiary for at least five years.
03/03/2022