A new bonus as an incentive to scrap your old car and buy a new electric or hybrid car; This also applies to motorcycles and scooters. The new version of the eco bonus for cars and commercial vehicles is coming in 2024: The older the car and therefore the more polluting it pollutes the environment, the more the amounts paid increase. The minimum ranges from 1,500 to 11,000 euros, and for the lowest income earners this figure can go up to 13,750 euros. However, there are also innovations that concern taxis, such as “social leasing”, which has been implemented experimentally for long-term rentals.
“Social Rental” experiment (also for taxis)
Along with new incentives comes experimental “social leasing”. It is a contribution made for real persons who sign a long-term rental agreement for at least 3 years of one of the vehicles eligible for Ecobonus. The incentive amount will then be determined by a ministerial decree.
The contribution is intertwined with the provisions of the Asset decree: For taxis and chauffeured rentals, these amounts will be doubled. In particular, the increase will be given to those who win the extraordinary competition for the issuance of new licenses and those who change their company vehicle.
Car bonus 2024: table with numbers
As reported by Il Sole24Ore, the decree on the program must be approved in January for the incentives to start the following month. There are between 900 million and 1 billion. Also for 2024, the bonus for scrapping your old car and buying a new one (formerly “Ecobonus”) has three groups based on emissions:
- 0-20 grams of CO2 per km (fully electric cars);
- 21-60 (plug-in hybrid);
- 61-135 (full hybrid but also various Euro6 diesel and petrol models).
There is a 25% increase in the first two categories, but this only concerns those with an ISEE below 30 thousand Euros. Legal entities, including rental companies, can also benefit from this right, but dealers cannot benefit from this right. The table below shows the corresponding bonus amounts by band.
As can be seen from the table, while the contribution fee for those purchasing without scrapping is 6 thousand euros in the 0-20 range, it drops to 4 thousand euros in the 21-60 range and goes to zero in the third emission category. The amount of the bonus increases with scrapping, depending on how old the vehicle in question is and therefore polluting the environment. For example, by scrapping Euro 4, you can benefit from a contribution of 9 thousand Euros in the 0-20 range, 5,500 Euros in the 21-60 range, and 1,500 Euros in the 61-135 range.
With one Euro 3, you go to 10 thousand Euros, 6 thousand Euros, 2 thousand Euros. There is a jump from 0, 1 and 2 Euros to 11 thousand Euros, 8 thousand and 3 thousand Euros, respectively. There is a maximum threshold in the purchase price for incentives: 35 thousand euros in the 0-20 and 61-135 emission bands, and 45 thousand euros excluding VAT in the intermediate 21-60 emission bands.
Bonus for those who scrap the scooter
The bonus also applies to motorcycles, scooters, tricycles and quadricycles. Electric models will be rewarded at a greater rate of up to 40% within 4 thousand euros if the purchase is accompanied by a deduction of 0, 1, 2 or 3 euros. Due to available resources, a fee must also be charged for models with internal combustion engines.
Ecobonus for commercial vehicles
The situation is different for commercial vehicles (N1 and N2 categories). The funds are linked to the scrapping of a minibus of the same category up to Euro 4. Buyers are companies active in the transportation of goods: five categories of vehicles weighing up to 7.2 tons, who does not distinguish between scrappers and scrappers, and three power groups:
- electricity and hydrogen (2,200 to 18 thousand euros);
- compressed natural gas, LPG, single and dual fuel, hybrid (from 1,500 to 5,500);
- traditional foods.
Incentives for commercial vehicle purchases range from 1,000 Euros to a maximum of 4,500 Euros. Purchasing (only for electricity and hydrogen) can also be made by leasing companies based on a contract of at least 3 years with the SME. In this case, the discount will be distributed based on the monthly fees requested from the company.
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Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
