Electric mobility is a key pillar of transport development in Greece — Greek City Times


Infrastructure and Transport Minister Costas Karamanlis said e-mobility is a key pillar for transport development in Greece at the 5th Ecomobility Conference held on Thursday.

The first planning axis of the Ministry of Transport is the renewal of the aging car fleet in Greece at all levels: private cars, taxis and public transport.

Karamanlis announced that “especially for taxis, we are preparing a second round of financial support, the launch of a new program ‘Green Taxi’, which is part of the Recovery Fund and finances the replacement of old polluting taxis with electric taxis “.

“And the total subsidy for taxis can exceed 20,000 euros, which is a very, very significant subsidy,” he said, adding: “At the same time, a plan is being studied for the installation of charging infrastructure.

The Minister noted that the incentives already granted for the purchase or rental of electric cars have paid off: in 2021, 6,967 electric cars were registered, compared to only 480 in 2019.

The market share, from 0.4% in 2019, rose to nearly 7%.

“Today, according to official EU data, Greece is the EU country with the highest rate of change in the electric vehicle market,” he said.

The second – and equally important – pillar of the ministry’s plan for e-mobility is the infrastructure for easy charging.

A question which, as Karamanlis pointed out, also concerns other European countries.

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At the same time, offers in a bookbuilding process launched by the Greek authorities to issue a 10-year bond exceeded 11 billion euros in the first hours of the process, the interest rate of l issue dropping from 1.89% to 1.83. %, sources said.

The Greek Public Debt Management Authority plans to issue new bonds worth at least 12 billion euros this year, up from 14 billion in 2021, in a bid to underline that Greece is able to borrow on competitive terms.

Economists expect Greece to seek to raise as much capital as possible in the first quarter of the year before the end of the PEPP program by the European Central Bank.

READ MORE: Mitsotakis announces the Co-Lab for the digital and green transformation of the tourism industry.

Greek state budget revenue exceeded targets in 2021, totaling €59.24 billion, up 2.1% from target, while budget expenditure fell by €420 million compared to compared to 2020, the Ministry of Finance announced on Monday.

In a report on provisional budget execution data, the ministry said that tax revenues amounted to 47.602 billion euros, up 1.6% from targets and noted that the end result will be much higher since the payment of car registration fees has been extended by two months.

The ministry said that in a crucial year like 2021 with a high budgetary cost due to budgetary expenditure to deal with the pandemic, the primary result showed a deficit of 10.985 billion euros.

This is down from a budget target for a primary deficit of 12.946 billion and a primary deficit of 18.195 billion in 2020.

READ MORE: Greece approves 2.8 GW of renewable energy projects.


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