It is one of the four autonomous communities in Spain to receive an extension that will enable it to meet the demand received from the Directorate-General for Energy and Climate Change.
MOVES III Plan
The Institute for Energy Diversification and Saving (IDAE) has approved an increase of 8.3 million euros in the budget for the implementation of incentive programmes linked to electric mobility (MOVES III Programme) for the Balearic Islands.
The current budget of the Balearic Islands for this subsidy is around 18 million euros and with the extension, it will reach 26,575,856 euros. The Balearic Islands was one of the autonomous communities that received this authorisation, along with Aragon and Catalonia.
In the words of the Vice-President of the Government, Juan Pedro Yllanes, “the Balearic Islands are once again setting an example in terms of decarbonisation, in this case, in the decarbonisation of mobility. We have a great demand for applications to access electric vehicles, the electric mobility sector is gaining strength in the Balearic Islands and that is why we have to put all the necessary resources to move forward in this paradigm shift in mobility that we defend from the Government”.
For his part, the Director General of Energy and Climate Change, Pep Malagrava, explained that “this extension is a boost to the action we are developing in the Directorate General of Energy, where we continue to promote the promotion of electric mobility. Thanks to the arrival of these new funds, we will be able to accommodate all the demand we have received during 2022 and 2023, which already exceeds 3,600 applications and is worth 29 million euros”.
Currently, a total of 3,629 applications have been received for a total of 29 million euros. Of these, a total of 1,869 applications have already been granted. Of the 3,629 total applications received, 2,670 are for vehicles (1,484 have already been granted) and 999 for charging points (403 granted).
By islands, in Mallorca 2,957 applications have been submitted (2,149 vehicles and 843 points) for a value of 24,273,244 euros and 1,568 have been granted. In Menorca, 208 applications were submitted (156 vehicles and 53 points) for 1,539,7947 euros and 79 were awarded. In Ibiza, 427 applications were submitted (334 vehicles and 97 points) for 2,895,442 euros and 205 were awarded. Finally, in Formentera, 37 applications were submitted (31 vehicles and 6 points) for 340,246 euros and 17 were awarded.