Auto incentives: finished money for gasoline, diesel and hybrid

The 170 million available for cars with small and low-polluting thermal engines ended. We’ll talk about it again in 2023

Alessandro Conti

@
alpha_conti

– Milan

The 2022 fund for car incentives for small displacement cars, light hybrids and full hybrids has been exhausted. The 170 million euros available for the purchase of new cars with carbon dioxide emissions between 61 and 135 g / km are over. For individuals who are interested in this range of cars, it will be discussed again in 2023.

the heart of the market

The segment of cars with emissions between 61 and 135 g / km of CO2 emissions represents the heart of the market in Italy, combining cars with small displacement thermal engines, light hybrids (mild hybrids) and full hybrids. In other words, these are cars that have lower list costs than electric and plug-in hybrids. For these last two categories of engines, on the other hand, there are still good endowments of the funds foreseen for 2022. Also at the time of writing this article for the electric (range 0-20) 187.3 million are available while for the plug-ins (range 21 -60) 202.6 million.

nearly 11 million a day

The 61-135 incentive mechanism provides for a contribution of 2 thousand euros, for the consumer it translates into a discount, against the contextual scrapping of a car with approval between Euro 0 and Euro 4. Looking at the glass half full then this means that with the incentives in the coming months 85,000 old cars will be removed from the road compared to the same number in circulation with the most up-to-date emission standard. The half-empty part of the glass is the evident insufficiency of the measure for this range of machines. Considering the 16 working days that elapsed between May 25 (but the valid pre-contracts could be signed from May 16) and June 13, 10.625 million euros of incentives were consumed per day. A number that says little, however. The trend in bookings on the first day alone was much more significant, with 93.5 million consumed from morning to afternoon. These are clear indications of the current functioning of the market.

falling money

With the 8.7 billion euro fund for the automotive sector allocated by the government last winter, a three-year incentive plan for the purchase of new cars was envisaged. From 2022 to 2024 there will be 650 million euros per year to support demand. The mechanism envisaged by the executive, however, is structured with an increasing share over time that goes to electric and plug-in at the expense of 61-135. So in 2023 the fund for this last band will be 150 million and in 2024 it will drop to 120, according to what is established by the decree of 6 April 2022.

the deliveries node

On the benefit of the incentives issued in 2022, however, the problem of the timing in which the car arrives in the hands of the buyer remains. In fact, the decree provides that a maximum of 180 days must pass between the booking and the actual delivery of the machine, under penalty of forfeiture of the incentive. A very difficult condition given the continuous production slowdowns, if not stop, that auto factories have been experiencing since the beginning of 2020 due to a sum of factors: shortage of semiconductors and raw materials, consequences of lockdown caused by the Covid-19 pandemic and most recently by the effects of the war in Ukraine. The automotive industry insiders have asked the government for an exemption from 180 to 360 days for the delivery of the car. The Minister of Economic Development Giancarlo Giorgetti has hypothesized a measure in this sense that has not yet been seen to date.




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