CZECH REPUBLIC LAUNCHES AMBITIOUS CALL TO PROMOTE ELECTROMOBILITY: PURCHASE OF ELECTRIC VEHICLES AND CONSTRUCTION OF CHARGING STATIONS WILL RECEIVE A FINANCIAL INJECTION OF CZK 1.95 BILLION

The Ministry of Industry and Trade of the Czech Republic (MIT) has published a call from the National Recovery Plan (NRP) to support the purchase of electric vehicles and the construction of charging stations. Financial support will be provided through a bank guarantee and a financial contribution through the National Development Bank (NDB). Applications from small, medium and large enterprises will be accepted from 1 January 2024 to 30 September 2025.

The initiative aims to keep pace with the development of electromobility, which plays a crucial role in the Czech economy. The total amount of CZK 1.95 billion is intended to support the purchase of electric vehicles (CZK 1.65 billion) and the construction of charging stations (CZK 300 million). The support consists of a bank guarantee for a commercial loan and a financial contribution depending on the vehicle type.

The funding for the call comes from the European funding of the National Recovery Plan, aimed at rebuilding the economy after the COVID-19 pandemic. The initiative is intended to support the construction of charging stations and increase the share of alternative fuels in the vehicle market. The challenge is in line with the strategic documents of the European Union and the Czech Republic, including commitments to achieve zero greenhouse gas emissions by 2050.

The promotion of electromobility includes a bank guarantee for a commercial loan and a financial contribution. The amount of the guarantee can be provided by the NRB up to 70% of the principal amount of the guaranteed loan. The financial contribution for purchasing an electric vehicle can be up to CZK 200,000, while trucks and hydrogen vehicles can receive up to CZK 300,000.

The call is part of an effort to promote green projects in the EU Member States’ recovery plans. In order for the Czech Republic to benefit from the EU’s Recovery and Resilience Facility, businesses must purchase at least 4,555 electric cars, which is the NPO’s binding target. Support applications will be accepted from 1 January 2024 to 30 September 2025 at NRB offices. Details of the call are available on the MIT website.

Source: MPO.cz