In a collective push, the Used Vehicles Importers Association (UVIA) and Malta Car Importers Association (MCIA) are pushing for a greener and better Malta with their Budget 2022 proposals. Giving voice to over 130 employers and 350 employees within the local industry, the associations have come up with the needed sustainable measures for our islands.
The Use Vehicle Market is significantly greater than the New Vehicle Market across Europe. Germany’s Used Vehicle Market is expected to reach €105 Billion in Gross Transactional Value by 2023. In Malta’s case, the same market was also significantly greater until 2020.
Their proposal starts with a stronger budget for EV grants, shaped by a contractual commitment with the government in order to shift their import stock to a growing proportion of electric vehicles. This would help the government achieve its aim of reaching carbon neutrality by 2050, a target stipulated in the Paris Agreement.
Pushing Malta to become one of the leaders in the electrification and decarbonisation of its fleet, this would result in having around 11,000 EVs, imported locally. The Government would also reach its target of having 65,000 EVs vehicles by 2030, surpassed by up to 31,000 EVs.
The second proposal involves a collective effort approach in order to be taken up for the distribution of funds. ‘The ultimate aim is to ensure that all stakeholders within the used vehicle industry, are satisfied with the distribution structure being affected.’ This would give way to the third proposal, which is the abolition of government grants given to ICE vehicles.
The associations are of the understanding that any form of grant given to newly registered ICE vehicles is to be entirely abolished. This would lead into procuring additional funds for the purchase of EVs ‘in lieu of ICE vehicles’ and to deter the public from pursuing any future purchase of newly registered ICE vehicles. This last measure would work in conjunction with attaining the goal of reducing carbon footprint that such vehicles introduce.
The final two proposals would involve the installation of charging stations on association members’ premises and the streamlining of the term ‘new vehicle’ in terms of Malta’s laws.
Photo Source: Tree Hugger, GoodElectronics