Benefits for cars 2024, implementation deadlines cause concern February 03, 2024 2

On February 1, the government introduced the new Ecobonus 2024, which includes a new scheme that will allow you to contribute up to €13,750 towards the purchase of a new electric car when you scrap your old car. However, in order for the new benefits to come into force it takes time. We’re supposed to have to wait at least half of March.

Only they time is a concern trade associations who fear the market could suffer given that people will apparently wait until the new Ecobonus comes into force to be able to take advantage of the higher discounts. Indeed, auto market data for January 2024, although generally positive, highlighted apparent slowdown in registration of electric vehicles and plug-ins this probably depended on the expectation of new stimuli.

In this sense, the numbers are very clear. There were only 2,984 registrations for BEV models. We are talking about a drop of 10.8% and a share of only 2.1%. 4105 plug-in models registered. Decrease 33.1% and share 2.8%. Thus, trade associations, while appreciating the new incentive structure, they are asking the government to act quickly.

Concerns shared by Motus-E which requires maximum speed in the implementation process to avoid the risk of market paralysis.

At the Automotive Industry Roundtable, the government formalized the long-awaited revision of the Ecobonus, which can certainly accelerate the development of electromobility in Italy, reducing the gap that separates us from other major European countries. Maximizing the speed of the implementation process now becomes important to ensure that incentives quickly reach citizens who, at this stage of transition from one incentive scheme to another, inevitably postpone purchases at the risk of causing dangerous market paralysis.

As we have already seen, also JRAE asks the government to complete the process of providing new incentives as soon as possible, especially in light of January market data that shows a noticeable slowdown in the electricity and plug-in markets.

The Decree, finalized by MIMIT, undertook an administrative process of ratification by other interested ministries and the Presidium of the Council, which would be followed by a review by the Court of Auditors: consideration of the timing of the completion of the various stages of authorization and renewal of Invitalia. platform, the new incentives will not come into force until mid-March 2024, and there is a real risk that the market will remain paralyzed in the meantime. Fears of a detrimental wait for the market appear to be borne out by a sharp slowdown not only in order collections but also in registrations of BEV and PHEV vehicles, which stalled at 2.1% for BEVs and 2.8% for PHEVs in January: in Total vehicle share with a fork is 4.9%, which is the lowest figure since January 2021.

Opinion about benefits was positive Anthia which hopes that the new Ecobonus will come into force as soon as possible.

We are confident that the new incentive plan presented at the plenary session of the Automotive Development Table will be able to support demand in the coming months, helping to achieve the physiological level of registrations in 2024. the purchase of electric vehicles, the progressive nature of the bonus depending on the Euro class of the decommissioned vehicle and the extension of benefits to all legal entities, with the exception of dealers, are fundamental measures towards gradual decarbonization and renewal of the fleet. We hope that the process of publishing the Prime Minister’s Order that will govern the new incentive scheme will be swift so that these measures will come into force soon.

The situation is more critical Federavto which shows delays on the part of the government regarding requests made more than a year ago by the auto supply chain. In any case, he hopes that the new Ecobonus will come into force as soon as possible.

We appreciate the efforts and commitment of Minister Urso to change the current incentive scheme, which has proven ineffective due to severe restrictions in terms of the number of beneficiaries and thresholds. However, the new provision comes with a significant delay compared to requests made already more than a year ago by the automotive supply chain, with all the problems associated with the time lag between the “announcement policy” and the actual effect of the measures that inevitably affects supply orders. In anticipation of new and higher premiums, indecision and confusion are desperately growing among customers who decide to delay the purchase of new vehicles, especially electric and plug-in vehicles, in order to have a clearer and more definitive picture before assessing the possibility of a replacement. This phenomenon can be seen from the January figures, in which the -13.3% decline in electricity compared to January 2023 (which in turn already recorded a -8.6% decline) shows a deterioration in vehicle purchasing preferences. which should contribute primarily to the ecological transition.