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Government of Serbia allocates €170 million for electric vehicle subsidies

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Requests for subsidies to purchase brand-new electric vehicles must be submitted by October 31, with detailed instructions available on the Ministry of Environmental Protection’s website.

The submission period for these requests began on February 12, and the Ministry allocated 170 million dinars for this initiative. In early February, the Government of Serbia established the conditions and methods for implementing the subsidized purchase of new vehicles with exclusively electric drives, as well as hybrid vehicles. The support amounts range from €250 to €5,000. The primary aim of this state subsidy is to promote environmentally friendly transportation, as outlined in the Regulation published in the Official Gazette.

Subsidies are available for various types of vehicles, including mopeds, motorcycles, tricycles, quadricycles and vehicles designed to transport up to nine people or carry loads of up to 3.5 tons.

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The subsidy amounts vary, starting from €250 for mopeds and reaching €5,000 for passenger vans and smaller trucks. Both legal entities, entrepreneurs, and individuals can apply for these subsidies, with the exception of taxi drivers who have already utilized the subsidy to renew their fleet. The subsidized purchase process involves paying the participation amount for financial leasing to acquire a new vehicle or contributing to the purchase price of a new vehicle.

The Ministry will grant subsidies based on the order in which complete requests are received, up to the total amount of available funds.

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