New financial support for electric light trucks – this is the government's proposal

The government is planning to give the green light to a new state subsidy, a so-called climate premium, for environmentally friendly trucks, and this now also includes electric light trucks. We have reviewed the proposal and what it may mean for the used market.

The Regulation on State Support for Environmentally Friendly Freight Vehicles is undergoing a makeover. The government has submitted a proposal for a new state support for new environmentally friendly freight vehicles. The proposal is now out for consultation with 30 different companies, authorities and organizations, including Volvo, the Swedish Transport Administration and the Swedish Society for Nature Conservation, to get more views on the design and implementation. The government has allocated funds in the budget bill for 2024 and plans to have the proposal enter into force on 15 January 2024.

Impact on the used market

The new climate premium only applies to new electric trucks, not used trucks. However, the proposal provides a greater incentive for companies, municipalities and regions to upgrade their fleets, which in turn means that a greater supply reaches the used market.

Who can apply for the support?

The new proposal is aimed at companies, municipalities and regions that, by receiving state support, can invest in newly manufactured electric light trucks. To promote the transition to environmentally friendly vehicles, differentiated support levels are introduced based on company size. This means that smaller companies can expect a higher bonus.

How will the support be designed?

There are certain conditions you need to meet in order to be able to take advantage of the bonus. Among other things, the vehicle must not have changed hands or been deregistered for a certain period of time from the date of purchase. This is to ensure that the support is used effectively, and to counteract potential abuse.

But nothing is clear yet. The consultation bodies have the opportunity to comment on the proposal until November 29. But before the end of the year, we expect the Riksdag to have made a definitive decision on the matter.

All 30 referral bodies*:

1. Volvo

2. Construction companies

3. The National Courts Administration

4. Driving force Sweden

5. Energigas Sweden

6. Administrative Court in Linköping

7. Board of Commerce

8. The Swedish Competition Authority

9. The Swedish Enforcement Authority

10. Swedish Farmers' Federation, LRF

11. Mobility Sweden

12. Nature Conservation Society

13. Swedish Environmental Protection Agency

14. Power circle

15. Rental companies

16. Swedish Association for Construction Equipment, SACE

17. Scania CV AB

18. The National Federation of Small Business Owners

19. State Energy Authority

20. Finnish Board of Agriculture

21. Finnish Road and Transport Research Institute, VTI

22. Sweden's Mining Industry, SBMI

23. Svemin AB

24. Swedish Transport Companies

25. Traffic analysis

26. Swedish Transport Administration

27. Transport companies

28. Swedish Transport Agency

29. The Swedish Agency for Innovation Systems, Vinnova

30. World Wildlife Fund, WWF

*Government authorities are required to respond to the consultation. For the rest, the consultation is an invitation to submit comments. The public is also welcome to comment on the proposal.