Now there are 2022 incentives, cars are missing

The measures envisaged by the government are in force but there is a risk of further delivery times

The 2022 auto incentives have finally arrived. From today, May 16, the measures promised, and repeatedly postponed, by the government to revive a market that is now at a standstill come into force. The difficult problem to solve remains that of producing all the vehicles that would be needed. The semiconductor crisis and the aftermath of the war in Ukraine have lengthened delivery times over the year on average. And now the support for the sector, aimed at encouraging the purchase of low-emission cars, risks fueling a race for the new that will have to deal with an industry that is practically at a standstill.

With the publication in the Official Gazette of the provision signed by Prime Minister Mario Draghi, 650 million euros are allocated for each of the years 2022-2023-2024, which fall within the resources allocated by the Government in the Automotive Fund for which it was provided a total financial envelope of € 8.7 billion until 2030. However, it will be necessary to wait until May 25 for the activation of the platform on which companies will be able to activate the practice for the bonus. The discounts that can be obtained vary from 2,000 euros for vehicles with traditional low-impact engines, up to 5,000 euros for 100% electric cars with scrapping of a vehicle below the Euro5 classification.

“With the green light to the incentives, we are giving a concrete and long-awaited response to the automotive sector, which is going through profound suffering”, explained the Minister of Economic Development Giancarlo Giorgetti, immediately after the green light to the Dpcm, trusting in the medium term: “The measure I am convinced that the incentives are not decisive for the crisis in the sector which must be profoundly renewed but they represent an emergency tool to go through a difficult period. The pandemic first, the shortage of raw materials and now the war is also putting a strain on this sector which represents one of our flagships of Italy. It is necessary – underlined the minister – even more than before to open a reflection on the necessary ecological transition that must be sustainable , possible and not to leave behind dead and wounded “.

In particular, the measure establishes that for the purchase of new M1 category vehicles in the 0-20 g / km emission band (electric)with a price of up to 35 thousand euros + VAT, it is possible to request a contribution of 3 thousand euros, to which a further 2 thousand euros can be added if an approved car in a class lower than 5 euros is scrapped at the same time. it is funded with 220 million in 2022, 230 million in 2023 and 245 million in 2024.

For the purchase of new M1 category vehicles in the 21-60 g / km emission range (plug – in hybrids), with a price of up to 45 thousand euros + VAT, it is possible to request a contribution of 2 thousand euros to which a further 2 thousand euros may be added if a car homologated in a class lower than 5 euros is scrapped at the same time. This eco-bonus category is financed with 225 million in 2022, 235 million in 2023 and 245 million in 2024.

For the purchase of new M1 category vehicles in the 61-135 g / km emission range (endothermic with low emissions), with a price of up to 35 thousand euros + VAT, it is possible to request a contribution of 2 thousand euros if it is simultaneously scrapped a homologated car in a class below Euro 5. This category of eco-bonus is financed with 170 million in 2022, 150 million in 2023 and 120 million in 2024.

The incentives come at a time when the market is experiencing an endless fall. The April data from the Ministry of Sustainable Infrastructures and Mobility show 97,339 registrations compared to 145,243 registrations registered in the same month of the previous year, with a decrease of almost 33%. In the first four months, the volume of registrations reached 435,647 units, approximately 160,000 less than the corresponding four-month period 2021, with a loss of 26.5%.

In a recent interview with Adnkronos, the director of ‘Quattroruote’ Gianluca Pellegrini explained how complicated the situation is. The world automotive system “can no longer produce all the cars” that the market asks: “There are groups in greater difficulty, because basically there is a lack of raw materials, and so in Germany, for example, they closed a factory after the another because, in fact, there is a lack of raw materials that should come from Ukrainian and Russian components. To this is added the problem of semiconductors that continues to go on and that started last year, and therefore, unfortunately, there are no machines for sale”.

As for the actual delivery times, “it depends on the machine” Pellegrini observed, explaining that for models in high demand “the times are now longer than a year” with few exceptions. Minor problems “in general for Southeast Asian groups: Koreans are less in difficulty than the others because they control the supply chain, so they have a better chance. As for the Europeans, the Germans suffer more, while the French suffer slightly less. “A profoundly different scenario compared to a few years ago.” In normal times the cars were ready for delivery, the stocks were enormous, while now they no longer exist. no one can take the car home, and by the way there is no longer a used car. This is also the problem. For every new car that is sold, there are at least three used cars that change ownership. At this moment, even the second-hand market is completely at a standstill because there is nothing left, nothing can be found “.

The real risk is that the incentives can push the demand for new cars, as is the logic of the measure, and extend delivery times even more.. A paradox that will have to be faced, to prevent the market recovery from dying out in the bud due to the insurmountable difficulties in producing the cars you need.