Velca extends its private incentives for another month

The Spanish manufacturer Velca will extend its Velca MOVES direct incentive plan for another month, until May 31 , of up to €1,100 for electric motorcycles and up to €700 for mopeds. The goal is to cover the two key months of the Income Tax campaign, when approximately half of the tax returns are issued by the Treasury. This will provide a direct cash injection into taxpayers' pockets, which, on average, amounts to €692 (based on the 2023 income tax campaign), according to experts from the Ministry of Finance (Gestha).

In short, based on this average refund amount of almost 700 euros, combined with the Velca MOVES incentives, the extension of the MOVES III state plan (1,100 euros) and the 15% deduction in personal income tax for the purchase of electric vehicles—both valid until December 31—, almost 70% of the price of the electric motorcycle can be covered.

Velca illustrates this possibility with a "zero-emissions" motorcycle with a list price of €4,550. If private incentives, state aid, and tax breaks are subtracted, and the income tax refund is added, the electric motorcycle would cost the buyer €1,493.

With all this, Velca believes that "the promotion of electromobility is only possible with a stable plan of direct and immediate aid , included in the final purchase invoice, and without paperwork, taxes, or having to advance money that will be returned after a long wait of up to two years."

In fact, after four editions of its Velca MOVES program, the Spanish manufacturer has demonstrated with data that direct aid works. Over the course of the six months of its private plan, the Spanish manufacturer has managed to register the equivalent of an entire year.

According to Emilio Froján, CEO and co-founder of Velca , "consumers want something simple and not have to be the Minister of Economy's role to be able to 'motorize' themselves sustainably. The State should centralize aid and make it direct and immediate. Failure to do so forces private companies to act. Velca can help because we have user knowledge, but we are not the State, nor should we be making private plans to counteract the inefficiencies of public ones."