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Luxembourg's Ministry of the Economy has confirmed the decision to co-finance 434 new electric vehicle (EV) charging stations at companies.

Following the fourth call for projects granting financial aid to companies investing in EV charging infrastructure projects, the ministry selected 34 projects for the installation of 434 new charging stations. The companies concerned will benefit from a subsidy of up to 50% of their investment.

Spread across the Grand Duchy, the 34 selected projects were submitted by seventeen companies, including petrol stations, supermarkets, hotel operators and industrial companies.

The total amount of aid granted by the state as part of this call for projects is €4.8 million. A total of 434 charging stations will be subsidised, including 224 private and 210 publicly accessible charging points. The total charging capacity of these terminals is 27,012 kW.

Luxembourg's Minister of the Economy, SMEs, Energy and Tourism, Lex Delles, noted: "This type of aid not only remains appreciated by businesses, but the number of approved charging points has also increased steadily since the first call. We can conclude that this [aid] scheme is a success. This success [...] constitutes an important pillar for the decarbonisation of mobility and transport and removes an obstacle for electromobility."

Another call for projects, open to any type of infrastructure and with maximum aid of up to 50%, will be launched from 1 June to 15 October 2024.

The ministry recalled that there is another aid scheme, which is reserved for small and medium-sized enterprises (SMEs) and which falls under Luxembourg's recovery and resilience plan, as approved by the European Commission on 18 June 2021. Upon simple request, SMEs can benefit from a subsidy of up to 50% of the costs linked to charging stations and up to 60% of the costs linked to connection to the electricity network. This aid is capped at €60,000 for network connection costs and at €40,000 for other deployment-related costs per company.