Canary Islands' Electric Vehicle and Infrastructure Subsidy Program Revision

Overview

The Canary Islands' government has announced a revision to its 2025 electric vehicle and infrastructure subsidy program, MOVES III. This update reallocates a total of nearly 24 million euros to support the purchase of electric cars and the development of charging infrastructure across the region.

Funding Allocation

• Over 18 million euros dedicated to incentives for buying electric vehicles
• Around 5 million euros allocated to expanding charging stations

Goals and Impact

These measures aim to accelerate electric mobility, aligning with Spain’s broader push towards greener transportation and reducing regional carbon emissions.

Flexibility in Fund Management

• The adjustment allows for flexibility in fund management.
• Reallocation is possible if some categories finish ahead of schedule or if reserves are available.

Benefits for Residents

• Increased financial support for residents considering switching to electric vehicles.
• Improved infrastructure making cleaner transportation more accessible.
• Encouragement of a shift towards sustainable mobility in the Canary Islands.