Velca Extends Private Incentives for Another Month

Spanish manufacturer Velca will extend its direct incentive plan, Velca MOVES, by another month until May 31. The plan offers up to €1,100 for electric motorcycles and up to €700 for mopeds. The aim is to cover the two key months of the tax return campaign, during which approximately half of the refunds are processed by the tax authorities. This provides a direct cash injection into taxpayers' pockets, averaging €692, according to the Ministry of Finance's technical staff (Gestha).

In essence, starting from this average refund amount of nearly €700, combined with the Velca MOVES incentives, the extension of the state MOVES III plan (€1,100), and the 15% IRPF deduction for electric vehicle purchases—both valid until December 31—one can cover almost 70% of the electric motorcycle's price.

Velca illustrates this possibility with a "zero emissions" motorcycle priced at €4,550. After deducting private incentives, state aid, and tax benefits, and adding the tax return refund, the electric motorcycle would cost the buyer €1,493.

With all this, Velca believes that "the push for electromobility is only possible with a stable plan of direct and immediate aid, reflected in the final purchase invoice, without paperwork, taxation, or having to advance money that will be returned after a long wait of up to two years."

In fact, after four editions of its Velca MOVES, the Spanish manufacturer has demonstrated with data that direct aid works, as during the six months of its private plan, the Spanish manufacturer managed to register in that period the equivalent of an entire year.

According to Emilio Froján, CEO and co-founder of Velca, "the consumer wants something simple and not to have to perform an exercise in economic management to be able to 'motorise' sustainably. The state should centralise the aid, making it direct and immediate. By not doing so, it forces private companies to act. Velca can help because we have user knowledge, but we are not the state and should not be making private plans to counteract public inefficiencies."