Altum-Services-Enterprises-Guarantee with capital discount for electric car purchases

Guarantee with capital discount for electric car purchases

About the programmeProject selection

 

The programme is implemented under the Recovery and Resilience Facility #NextGenerationEU

 

Submission of applications in the project selection first and second round  is closed. The 3rd round has been opened and applications can be submitted from August 25, 2023 at 12:00 (noon) to October 25, at 11:59 a.m.

 

 

The programme offers support for purchases of electric cars that meet the following requirements:

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An industrially produced M1 or N1 category vehicle

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Odometer reading at the time of registration does not exceed 500 km

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The car’s mechanical motive power is provided by energy stored in the vehicle

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Greenhouse gas emissions of 0 g CO2/km

Available support: guarantee with a capital discount for financial leasing to finance purchases of new electric cars – up to 30% of the price of an electric car, without VAT, but not more than 5,000 EUR per M1 category electric car or EUR 10,000 for one N1 category electric car.

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Support is provided to micro, medium-sized and large companies engaged in manufacturing (except for production of tobacco products) and whose export volume in the last completed financial year is at least EUR 1 million or makes up at least 50% of the total turnover

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The capital discount amount to be granted must be determined already when applying for the loan, but the capital discount applies after the project is completed and the objectives of the project are achieved, when the discount is credited against the principal amount of the lease

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Objective of the project: at least 20,000 km covered by the purchased electric car in 12 months, reducing greenhouse gas emissions

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The programme aims to reduce greenhouse gas emissions by 11,498 tons of CO2 equivalent annually

Implementation of the programme is regulated by Cabinet Regulation No.594 of 20.09.2022, On Implementation of Measure 1.2.1.2.i.1., Increasing Energy Efficiency in Business (Including Transition to Renewable Energy Technology in Heat Supply), of Investment 1.2.1.2.i., Increasing Energy Efficiency in Business (Including Transition to Renewable Energy in Heat Supply and Research and Development Activities (incl. in Bioeconomy), of the European Union Recovery and Resilience Facility Plan 1.2. for Reform and Investment, Improving Energy Efficiency

 

  • Altum assesses projects to ensure that support under the programme is provided to the most efficient projects
  • If an application is selected by Altum, the applicant may apply for a guarantee in 4 months
  • There will be a total of 3 selection rounds
  • During the third selection round, applications will be accepted from 12 noon on 25.08.2023 until 11:59 a.m. on 25.10.2023

For more information

ued@altum.lv

28320125