Ecological vehicles grant: changes from 26 June 2023 (Ministerial Decree no. 2023-348)

As part of the ecological transition, Ministerial Decree no. 2023-348 of 15 June 2023 replaces, with effect from 26 June 2023, the provisions of the Environment Code concerning "Aid for the purchase of an ecological vehicle" (grant "Aide à l’achat d’un véhicule écologique") stemming from Ministerial Decree no. 2018-1182 of 18 December 2018, which had been in force since 1 January 2019.

SUMMARY

The new scheme will continue to apply to both electric and hybrid vehicles.

However, the eligibility criteria relating to pollution levels and the purchase price of the vehicle have been tightened, and the amount of the grant lowered.

The amount of the grant is set out in greater detail for each type of vehicle (private, light commercial and goods vehicle, two-three wheeler and quadricycle).

Lastly, the list of documents to be provided has been integrated, and it is now specified that the application will be made via the MonGuichet.mc teleservice, with the option maintained of sending it directly to the Department of the Environment.

The application must be made within 6 months of the invoice date for the vehicle purchased, or the date of payment of the first lease instalment for a leased vehicle.

If the vehicle is resold within less than 3 years of the date of registration, the beneficiary must repay the State aid pro rata temporis. Vehicles taken over by a Monegasque dealer are exempt from this repayment, subject to certain conditions.

NOTE : The previous provisions setting out the conditions (article A. 172-1-3 of the Environment Code as amended by Ministerial Decree no. 2018-1182) remain applicable when the sales contract, or the leasing contract taken out for a period of at least two years (with or without a purchase option), was signed before 26 June 2023.

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IN DETAIL

Eligibility criteria

The State's financial incentive aid (grant) is available to individuals or legal entities with a domicile or establishment in Monaco (excluding the State's central administration) who acquire, or use under a leasing contract taken out for a period of at least two years (with or without an option to purchase), a private or commercial ecological (land-based motor) vehicle (four wheels or more with an electric or hybrid motor; two, three wheels, quadricycles with an electric motor; electrically assisted bicycles).

It must not have been previously received purchase aid in Monaco or abroad.

Are excluded from the new scheme, private vehicles with CO2 emissions of more than 98 g/km[1] and a value excluding options of more than €60,000 including VAT. [1] Under the system in force from 1 January 2019 to 25 June 2023: 110 g/km.

Special conditions also apply to registered vehicles and (unregistered) electrically-assisted bicycles with a power rating of 250 W or less, and to businesses including vehicle dealers and brand agents.

The amount of the grant

For private cars with CO2 emissions of 20 g/km or less, the amount of the grant remains unchanged at 30% of the price of the vehicle (up to a maximum of €10,000). However, the amount is reduced from €6,000 to €5,000 when CO2 emissions are between 21 and 50 g/km, and from €5,000 to €1,500 when they are between 51 and 98 g/km.

For light commercial vehicles (less than or equal to 3.5 tonnes, such as vans or specialised self-propelled vehicles - VASP) with CO2 emissions of less than or equal to 20 g/km, the amount of the grant is set at 30% of the price of the vehicle (capped at €10,000).

When the vehicle is used as a taxi, delivery vehicle or light medical vehicle (VSL), additional flat-rate aid of €3,000 is granted.

For goods vehicles (over 3.5 tonnes) with CO2 emissions of 20 g/km or less, the amount of the grant is 30% of the price of the vehicle (up to a maximum of €40,000).

For two-, three- and four-wheeled electrically-powered vehicles with CO2 emissions of O, the amount of the grant is 40% of the price of the vehicle (up to a maximum of €4,500).

For electrically-assisted bicycles with a power rating of 250 W or less, the grant is 30% (up to a maximum of €400).

For all vehicles, the aid is calculated on the base price of the vehicle, excluding options, and includes VAT, except for vehicles eligible for VAT recovery, where the aid is calculated exclusive of VAT.

Supporting documents to be provided

• Bank details for the person named on the invoice;
• Vehicle order form and invoice issued by a professional authorised to trade in vehicles;
• Vehicle registration certificate. For a bicycle: valid Monegasque resident's or identity card on both sides. For a legal entity: extract from the Répertoire du Commerce et de l'Industrie (RCI) or business registration in Monaco;
• For an electric vehicle where the cost of the battery is not included in the base price of the vehicle: invoice or hire contract;
• For a vehicle registered for long-term hire or with a purchase option, in addition to the above documents: hire contract and payment schedule in euros;
• If the application is not made via the teleservice, the duly completed and signed purchase aid application form must be enclosed.

Invoices must meet the following conditions:

• Additional information must be added to the invoice for a vehicle previously registered in the "Demonstration" series ("Demonstration vehicle"), and for a vehicle with less than 6,000 km and first registration of 6 months or more, if the vehicle is not previously registered in the "Demonstration" series ("Vehicle mileage")
• Invoices must be drawn up in French and, if necessary, accompanied by a translation by an official translator;
• Invoices must be drawn up on the letterhead of the professional authorised to trade in vehicles, and include the date, the identification of the seller, the name and address in Monaco of the purchaser, the description of the product, the basic price excluding tax of the vehicle, the amount excluding tax and in euros of each option and each discount and the total price including tax.