The Government has published today in the BOE the final details of the Renove 2020 Plan approved last Friday and that will subsidize the purchase of a new car with any technology as long as we deliver in exchange for one that is at least 10 years old. There are few changes from what had already been announced, but there are. Here we summarize how the program looks.

What types of aid are there?

Direct aids are granted , in the case of a private individual or a self-employed person, as well as related to leasing or renting operations, which will be requested by the companies. However, in the latter case, even if it is the company that collects the subsidy , aid applicants must be aware of their debts with the Administration. In addition, the beneficiary must maintain ownership of the vehicle and its registration in Spain for at least two years from the time the grant is awarded. Individuals may only purchase a car under this plan. Legal, up to 30.

What vehicles can benefit?

The cars that are acquired within this plan (and that can be up to nine seats) must emit a maximum of 120 grams of CO2 and have IDAE labels A or B (you can check them here); and C, ECO or ZERO of the DGT. It can be new or self-registered by the dealer this year and will not cost more than 35,000 euros (45,000 if it is Zero emissions or the beneficiary is a person with reduced mobility) before taxes. All technologies are considered: pure electric and with extended autonomy thanks to a combustion generator, hybrids of all kinds, hydrogen, combustion, LPG and natural gas.

In return, the car to be scrapped must be over 10 years old (seven in the case of vans), the ITV in force and have been owned by the beneficiary, or a first-degree relative, for at least one year. Buyers of motorcycles - combustion or electric motorcycles with more than 70 km of autonomy - vans (with an emission limit of 155 grams of CO2 per kilometer), trucks and buses can also benefit from the subsidies.

What is the amount of the aid?

In the case of passenger cars, in the following table you will find the help that corresponds to each vehicle based on its labeling. Initially it was said that plug- in hybrids with Zero label (with an electric autonomy equal to or greater than 40 km) would have 4,000 euros, but in the final wording it has been specified that it will be the same maximum aid as in the Moves II delivering a vehicle to scrap. Although in this second plan, the age of the car is seven years (for more than 10 in Renove 2020).

An equivalent discount of the brand must be added to the amounts in the table , except in the zero emission models, where that contribution will be 1,000 euros. In addition, another 500 euros are added in the following three cases: if the old car is over 20 years old, the buyer is a person with reduced mobility or the monthly household income is less than 1,500 euros.

When and until when can aid be requested?

All operations that meet the established requirements and that have been carried out from June 15 until the end of the plan, which will take place on or before December 31 of this year, if the funds are exhausted, can join the program. Requests will be dealt with in strict order of entry into the telematic management system, the opening of which will be communicated in a few days.

Where should they be requested?

The dealer who sells the car will be in charge of processing the request for help and all the documentation to be provided by the car buyer.

Is it compatible with other plans?

Not in the case of the Moves II, for electrified vehicles and which has also been launched by the Government, although the management of the aid is carried out by the Autonomous Communities. Neither can they be added to subsidies given by other administrations other than the central one, if those aids are nourished by funds from the State.

Likewise, the part of the state aid will have to be declared next year in the income statement. This will mean, for example, that a buyer with an annual income of 20,000 euros who benefits from a premium of 4,000 euros, will have to pay an extra 1,031 euros in taxes.

What are the available funds?

The Ministry of Industry and Tourism will finance, through a loan, the 250 million euros of the plan. Of this amount, 200 million (80%) will be used to subsidize the purchase of passenger cars. Another 25 million euros will go to vans and trucks of up to 3.5 tons and five million to motorcycles. The remaining 20 million will go to the largest and heaviest vans, trucks and buses.

According to the criteria of The Trust Project

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