Policy status:In Force
Date Effective:2012
Date Amended:

Annual revisions have occured since inception: 2013, 2014, 2015

Date Ended:March 2016
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments
Policy Target:Transport>Vehicle type>Passenger vehicles, Transport>Vehicle type>Light-duty vehicles, Transport>Fuel
Agency:The Ministry of Industry, Energy and Tourism; Institute for the Diversification and Saving of Energy (IDAE)
Legal References:RD 124/2015
Funding:PIVE-1: EUR 75 Million PIVE-2: EUR 150 Million PIVE-3: EUR 70 Million PIVE-4: EUR 70 Million PIVE-5: EUR 175 Million PIVE-6: EUR 175 Million PIVE-7: EUR 33 Million PIVE-8: EUR 225 Million

The Efficient Vehicle Incentives Programme (PIVE) aims to support the continued modernisation of the nation's motor vehicle stock. The Plan aims to promote substitution  of a total of 886,000 vehicles, over 10 years old in the case of passenger cars (category M1), and more than seven years in the case of light commercial vehicles (N1), and to modernise the fleet by encouraging the purchase of new energy-efficient vehicles.

25 Energy Efficiency Recommendations Applied:Transport, Measures to improve vehicle fuel efficiency, Transport

Last modified: Tue, 19 Jan 2016 10:43:22 CET