Romania's Cash-for-Bangers “Rabla” program to kick off in mid-May

Romania's Cash-for-Bangers (Rabla Clasic) program, as well as the Rabla Plus version for electric and hybrid cars, will start on May 18 for both individuals and companies, said yesterday the Environment Minister Gratiela Gavrilescu. The two programs, which aim to stimulate the renewal of the national car fleet, can be cumulated. This means that a person can benefit both from the voucher for the purchase of a 100% electric or hybrid car as well as from the bonus granted though the “Rabla Clasic” program if a person cancels the registration of a car older than eight years. The Environmental Fund Administration (AFM) grants a subsidy of around EUR 10,000 for those who acquire an electric car included in the Rabla Plus program. Those who acquire a hybrid car will get an extra subsidy of about EUR 1,000. On top of these, people can also receive around EUR 1,400 to buy an electric or hybrid car if they strike out the registration of a car older than eight years. The voucher value for the Cash-for-Bangers (Rabla Clasic) program will amount to some EUR 1,400. editor@romania-insider.com