Latvia Allocates EUR 40 Million for Environmentally Friendly Vehicle Purchase Support Program
Latvia's Climate and Energy Ministry has introduced a new support program with EUR 40 million for purchasing electric, plug-in hybrid, and hydrogen vehicles. The program, pending government approval, aims to assist citizens, especially large families, by increasing financial support based on the number of children. The initiative will remain active until funds are exhausted, but no later than December 31, 2029. Support amounts include EUR 4,000 for new vehicles and EUR 3,000 for used EVs, with additional bonuses for families holding the Latvian Honorary Family Card.
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Latvia's Climate and Energy Ministry has proposed a new support program for environmentally friendly vehicles, allocating EUR 40 million for electric, plug-in hybrid, and hydrogen cars. The program is under government review and aims to support citizens, particularly families with the Latvian Honorary Family Certificate.
It will offer EUR 4,000 for new cars and EUR 3,000 for used EVs, with enhanced support for large families based on the number of children. The program will operate until funds are depleted or December 31, 2029, and includes a EUR 2,000 bonus for scrapping combustion engine vehicles.
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