Government maintains support for cars, motorcycles and electric vehicles

The Government will maintain support for low-emission vehicles, which include cars and motorcycles, conventional or electric, and bicycles, according to the State Budget proposal delivered on Monday.

“Within the scope of climate action measures, the incentive for the introduction of zero-emission vehicles for consumption is maintained, financed by the Environmental Fund, under terms to be defined by order of the Government member responsible for the area of ​​environment and climate action”, reads if in the document.

The incentive covers “two-wheeled motorcycles and bicycles, conventional or electric”, as well as “electric mopeds that have European approval and are subject to registration”.

Support is also extendable to cargo bikes.

According to information available on the website of the Ministry of Environment, individuals can receive a contribution of 3,000 euros, through the Environmental Fund, for the purchase of electric cars, as long as the total acquisition cost does not exceed 62,500 euros.

In the case of motorcycles and electric bicycles, support is equivalent to 50% of the purchase price, up to a maximum of 350 euros, with companies being entitled to four incentives.

Beneficiaries of the incentive are obliged to keep the vehicles for a minimum period of 24 months and are not allowed to export them.

On Monday night, the Government delivered to the Assembly of the Republic the proposed State Budget for 2022 (OE22), which forecasts that the Portuguese economy will grow 4.8% in 2021 and 5.5% in 2022.

In the document, the executive estimates that the deficit of national public accounts should be 4.3% of the Gross Domestic Product (GDP) in 2021 and fall to 3.2% in 2022, also predicting that the Portuguese unemployment rate will fall to 6.5% next year, “reaching the lowest value since 2003”.

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Public debt is expected to reach 122.8% of GDP in 2022, compared to an estimate of 126.9% for this year.

The first parliamentary debate process of OE2022 will take place between October 22nd and 27th, the day on which the general vote will be taken. The final global vote is scheduled for November 25, at the Portuguese Parliament in Lisbon.

Finance Minister João Leão presents the budget proposal today, at 9:00 am, at a press conference in Lisbon.

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