What is the MOVES Plan?

Learn about grants for purchasing green cars.

In Spain, we usually consider changing our vehicle when it's 10 years or older, as it is less safe and, furthermore, more polluting. Two aspects that are also of concern to the Government and the Institute for Diversification and Saving of Energy (IDAE) and to which they have implemented a series of grants to try to promote the purchase of green cars, specifically, two types: electric and plug-in hybrid vehicles. 

These grants are known as the MOVES Plan, and their objective is not only to rejuvenate this means of transport. They also intend to improve air quality and, by doing so, combat global warming. In fact, the implementation of the latter has led to a hike in the sales of green vehicles compared to the previous year. 

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The MOVES Plan has a budget of €45 million and will remain in effect until the end of 2019 (or until the total amount has been invested). While the grant comes from the central government, the bodies in charge of managing the money will be the Autonomous Communities. Each has a financial amount that is based on the number of inhabitants and allocated according to established criteria.

Other MOVES Plan grants

Aside from the purchase of electric and plug-in hybrid vehicles, to which between 20% and 50% of the total funding is allocated, the MOVES Plan also includes other grants for expanding the infrastructure for recharging electric vehicles (a maximum of €100,000), the implementation of electric bicycle lending systems, and the adoption of measures that look into work transport for companies, among others. 

However, in order to receive the subsidy (irrespective of the above-mentioned cases), you must decommission a passenger car that is over ten years old or a van or light truck that is over seven years old and has passed its road safety inspections (as of February 16, 2019).

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How do I apply for it?

You can access the Moves Plan electronically by filling in the corresponding application form. 

To do this, you must be of legal age and must own (for a minimum of one year) a vehicle that is over 10 years old (verified with the registration tax). If both requirements are met, and once the aforementioned form is completed, the autonomous community will have a maximum period of 2 months to begin reviewing it.

A loan with special conditions

If you are considering buying a new car and you need a loan, BBVA offers you the Green Car Loan with a special interest rate. Visit BBVA.es to find out more.
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