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

 

Submission of applications in the project selection first round  is closed. Information about the second round will follow. 

 

 

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

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An industrially produced M1 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 electric car and up to EUR 180,000 per company.

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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

 

 

 

 

  • 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 first selection round, applications will be accepted from 12 noon on 04.11.2022 until 11:59 a.m. on 04.01.2023

For more information

ued@altum.lv

28320125