Car market, Ecology, Energy, Financial Services, Lithuania, Transport

International Internet Magazine. Baltic States news & analytics Tuesday, 22.09.2020, 04:06

Lithuanians take little interest in financial incentive for electric car purchases

BC, Vilnius, 15.09.2020.Print version
– Private individuals in Lithuania are not very active in applying for reimbursement of part of electric car purchase costs, with only one-seventh of the scheme's total funds paid out in five months, LRT Radio reported on Tuesday, referred LETA/BNS.

Officials from the Environmental Projects Management Agency attribute the low interest in the scheme to electric cars' relatively high prices. 

"These cars are both more expensive and harder to buy," Jonas Balkevicius, the head of the agency's National Program Management Department, told the radio station. 

"We have received 250 applications for almost 700,000 euros. That leaves more than 4 million euros still available under the scheme. Applications can be filed by next February," he added. 

Over 1,000 people could still be eligible for funding under the scheme, according to the official. 

"One can receive 4,000 euros for a new car and 2,000 euros for a second-hand car," he said. 

The agency says 5 mln euros have been allocated for the electric vehicle purchase support scheme from the Climate Change Program. 

Search site