Greece to subsidize taxis up to €17.500 to switch to electric

Greece’s Ministry of Environment and Energy has announced the ‘Green Taxi’ plan. With the plan, Greece aims to replace 2 000 old and polluting taxis with purely new electric ones. The Greek government provides a budget of 40 million euros for this purpose.

The new program will allow cab owners to apply for a subsidy for the purchase of an electric vehicle, as well as for the purchase and installation of an ‘intelligent’ electric charging point.

Up to €22 500

The subsidy, or ecological bonus, can be applied for by all cab owners of vehicles of class Euro 5 and above and amounts to 40%, with a maximum amount of 17 500 euros. The mandatory withdrawal and destruction of the old cab vehicle is rewarded with 5 000 euros.

The purchase of an intelligent EV charging point, for installation in a domestic area or in a company car park with private access is subsidized with a total amount of 500 euros and is optional.

Special care is also taken for the disabled, families with three or more dependent children, and young people up to 29 years of age, with a separate surcharge for each category. For these categories, an increase of 1 000 euros each is provided for the subsidy for the purchase or lease of an electric cab vehicle.

The deadline for application is 31 December 2023.

12 000 extra charging points

The ‘Green Taxi’ program is funded by the EU’s Recovery and Resilience Facility (RRF).

At the same time, the government is also moving forward with plans to install charging infrastructure at taxi stops. Currently, there are 1 200 public charging stations available after the ministry made a deal with the managing companies of the country’s highways. The goal now is by 2025 to have developed a comprehensive network of 12 000 charging points to reach 25 000 across Greece by 2030.

In 2021, a total of 6 967 electric cars were registered in Greece, a market share of almost 7%. According to official EU data, Greece is the EU country with the largest rate of change in the electric vehicle market.

Impact of first climate law

In November 2021, Greece introduced its first climate law. Among other things, it stated that new taxis and one-third of new rental cars in Athens and Thessaloniki, the country’s largest cities, must be hybrid or electric from 2025.

The law should help Greece reach its goal of reducing harmful emissions by 55% by 2030. By 2050, the country should be climate neutral.

Greek Prime Minister Kyriakos Mitsotakis would also like to ban the sale of new cars with combustion engines by 2030.

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