WHAT YOU SHOULD KNOW ONCE YOU DECIDE TO TAKE ADVANTAGE OF THE OPPORTUNITY TO ACQUIRE THE FINANCIAL SUPPORT FOR YOUR EV/BEV/PHEV?

• 1. What do EV, BEV and PHEV stand for?
  EV stands for an Electric Vehicle – an automobile that has an electric motor and is fully or partially powered by a battery pack.
  BEV stands for a Battery Electric Vehicle – an automobile that has an electric motor and is fully powered by a battery pack.
  PHEV stands for a Plug-In Hybrid Electric Vehicle – an automobile or other vehicle that is primarily powered by an electric motor, whose battery can be recharged by plugging it into a power source. An internal-combustion engine takes over in cases where the battery is depleted.
  These types of vehicles are covered by the subsidy programme administrated by EKII.
• 2. What do M1 and N1 stand for?
  M1 and N1 are different vehicle categories.
  M1 is described as a passenger car – a vehicle used for the carriage of passengers, comprised of not more than eight seats in addition to the driver’s seat. This includes cars like a sedan, hatchback, SUV and so on.
  N1 is described as a vehicle that is used for the carriage of goods and has a maximum mass not exceeding 3.5 tonnes, like pick-up a truck or a van.
  
• 3. What types of cars are eligible for the financial support?
  It must be a new or used EV, BEV or a new PHEV from the M1 or N1 category, as well as being an industrially-made vehicle with the following characteristics:
  - For EV and BEV vehicles, the certificate of conformity should indicate a mileage of at least 150 km and a maximum vehicle speed of at least 90 km/h.
  - For PHEV vehicles, the certificate of conformity should indicate only 50 km and less than 90 km of electricity, from the electricity stored in the vehicle/h.
  In general – it cannot be an e-scooter or e-bike 😊
• 4. What is considered to be a new EV/BEV eligible for the subsidy, and what is the amount of the subsidy?
  A new EV/BEV eligible for the subsidy is an electric vehicle that has been used for less than 6 months or has travelled less than 6,000 kilometres, and releases 0 g CO2/km of GHG emissions from the electricity stored in the vehicle as the sole means of mechanical propulsion, and where the sales price of the basic assembly does not exceed EUR 60,000 excluding VAT. The vehicle must have deductible VAT.
  
  The subsidy for this type of EV/BEW is EUR 5,710 (EUR 4,500 EKII subsidy + EUR 1,000 + VAT BRC discount)
• 5. What is considered to be a used EV/BEV eligible for the subsidy, and what is the amount of the subsidy?
  A used EV/BEV eligible for the subsidy is an electric vehicle which has not been registered in Latvia in the past 6 month, and where the purchase price is not less than EUR 5,500 excluding VAT, and not more than EUR 60,000 excluding VAT. The vehicle must have deductible VAT.
  
  The subsidy for this type of EV/BEW is EUR 2,855 (EUR 2,250 EKII subsidy + EUR 500 + VAT BRC discount)
• 6. What is considered to be a new PHEV car eligible for the subsidy, and what is the amount of the subsidy?
  A new PHEV eligible for the subsidy is a new externally chargeable hybrid car that has been used for less than 6 months or has travelled less than 6,000 kilometres, and uses energy from the electricity stored in the vehicle while at the same time being equipped with an internal combustion engine, and has total GHG emissions of up to 50 g CO2/km according to the weighted combined cycle of the Worldwide Harmonised Light Vehicles Test Procedure (WLTP), and where the standard sales price does not exceed EUR 60,000 excluding VAT. The vehicle must have deductible VAT.
  
  The subsidy for this type of PHEV is EUR 2,855 (EUR 2,250 EKII subsidy + EUR 500 + VAT BRC discount)
• 7. Who is eligible to take the advantage of the financial support for acquiring an EV/BEV/PHEV?
  Any person who has been registered in the Republic of Latvia for at least the last 3 years, owns an M1 or N1 category vehicle/vehicles which is/are equipped with only an internal combustion engine and has travelled at least 5,000 km during the last three years of the basic inspection (MOT), or that has utilised a polluting car from the authorised utility company that has entered into a project agreement and issued a car utilisation document, is eligible for the support.
  The person must have the ability to sign agreements by e-signature, as for this programme an e-signature is essential.
• 8. I have made a decision to use the programme to buy an EV/BEV/PHEV. What happens next?
  Congratulations! You’re one step away from a positive change! If you have not yet made an offer to buy and take advantage of the subsidy for an electric or hybrid car, BRC Autocentrs will help you find one. Please look at the e-vehicles on our partner site 👉 https://bit.ly/3xItUAl. Then get in contact with us, once you have seen the one that meets your needs.
• 9. Can a car that is eligible for the subsidy can be leased?
  Absolutely. BRC Autocentrs cooperates with all leasing companies operating in Latvia. All you need to do is fill in the leasing form to receive our partner offer, or use your usual financing partner.
• 10. Do I need to fill any applications or other paperwork regarding the subsidy?
  There’s no worries here. BRC Autocentrs takes care of all the necessary documentation, so that you can enjoy only the best parts of acquiring a car and the subsidy.
• 11. Can the owner of car that is perceived as a polluting vehicle (a car with the internal combustion engine, like diesel or petrol) take part in the programme and apply for financial support?
  Sure! Additional aid of EUR 1,000 is available for the disposal of an M1 and N1 polluting car (equipped only with an internal combustion engine) that has travelled an average of at least 5,000 km per year between the last three basic inspections. It is important to have the related certificate, which can be issued by an authorised utilisation centre.
• 12. What are my personal responsibilities after the financial support has been delivered?
  The subsidised vehicle must be used for at least for 5 years, or until the mileage reaches 52,000 km, from the moment when it’s registered under your ownership. It must be used for personal purposes only, must meet the yearly MOT requirements and must be insured. If these requirements are violated, you may need to return the subsidy in the amount of 20%.
• 13. Have more questions?
  We are here to help and to answer all your enquiries. Get in touch with us at: [email protected]; +371 673 17524. You can also check the EKII website for more information: http://ekii.lv.