Last chance: subsidy for used electric cars wildly popular

SEPP

The Electric Private Car Subsidy Scheme (SEPP) was introduced in 2020 and expires at the end of this year.
Through this scheme, individuals can receive a 2,000 euro subsidy when purchasing a used electric car.
The original budget was exhausted by the middle of this year, so the RFO decided to release additional funds.
A total of 52.5 million euros is now available for 2024, of which almost 19.8 million euros remain.

Rush for grant

Interest among individuals is once again enormous.
Within days of the reopening of the subsidy pot, a good portion of the budget has already been claimed.
If it continues at this rate, the additional budget will soon be depleted.
The subsidy is intended for electric used cars that originally cost between 12,000 and 45,000 euros and can drive at least 120 kilometers on a full battery.
Cars that fall outside these criteria are not eligible.

Subsidy for new electric cars

Subsidies are also available for new electric cars, but there seems to be less enthusiasm for these.
This year there is still 21 million euros available from a total budget of 57.9 million euros.
Compared to the subsidy for used electric cars, the application for new models is less stormy and it remains to be seen whether this pot will be depleted by the end of the year.

Future SEPP scheme

This year is the last chance for individuals to take advantage of the SEPP scheme for used electric cars.
Whether there will be a new scheme after 2024 is still a big question mark.
The new government does not seem particularly keen on it.
So, if you are still planning to buy a used EV, now is the time to strike….

Also read: After EV subsidy, Dutch now hunt for free charging station