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Italy Approves €1.24 Billion Reallocation in Green Recovery Plan

New measures prioritize electric vehicle incentives and biomethane production, with revised milestones to meet EU deadlines by 2026.

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Overview

  • The Italian government has redirected €597 million from underperforming EV charging infrastructure projects to a scrappage scheme incentivizing the purchase of 39,000 electric vehicles.
  • Private households with an ISEE under €30,000 can receive up to €11,000 in incentives, while micro-enterprises are eligible for up to 30% of a vehicle's value, capped at €20,000.
  • An additional €640 million has been reallocated from industrial hydrogen initiatives to biomethane development, targeting a production capacity of 2.3 billion cubic meters by June 2026.
  • The plan includes extending renewable energy community incentives to municipalities with populations up to 50,000, addressing low uptake in smaller areas.
  • Revised milestones, including adjustments to railway projects, focus on completing 107 prioritized targets (30% of remaining) by the EU’s 2026 deadline.