Plan PIVE 6 – Saving Money & Helping the Environment in 2014

What is the Plan PIVE?

The Plan PIVE 6 – or ‘Programa de Incentivo de Vehículos Eficientes’ – is the latest in a series of Spanish government schemes launched by the Ministry of Industry, Energy and Tourism to encourage the trading in of old vehicles for new ones. The initiative has a budget of €175 million assigned to it.

What does it aim to achieve?

It is the stated objective of the Plan PIVE 6 to get between 170,000 and 175,000 old vehicles off the road – and scrap them – in the process replacing them with newer, more fuel-efficient vehicles that do less harm to the environment through lower CO2 emissions.

Beyond that, the IDAE (or Instituto para la Diversificación y Ahorro de la Energía) estimates that the fuel savings as a result of this initiative will be somewhere in the region of 60 million litres of petrol (or approximately 365,000 barrels of oil). It’s also estimated that CO2 emissions will be reduced by 125,000 tonnes per year.

What are the requirements of the Plan PIVE?

The conditions are that if you’re someone who owns a car that’s over 10 years old, or in the case of small commercial vehicles (like vans) more than 7 years old, you can apply for grants available with the Plan PIVE 6. This applies to individuals and families, right the way up to small and medium-sized businesses (providing they have fewer than 250 employers and a turnover of less than €50 million).

How can you benefit from it? And by how much money?

If you are a car owner in 2014 trading your old car in, you stand to gain a minimum sum of €1000 at the point of purchasing a new vehicle. This can rise to €1500 in the case of a large family who are looking to buy a vehicle with a capacity of greater than five or owners with disabilities.

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