Italy to give electric vehicles consumers subsidy of up to 6,000 Euros

New Fiat 500 electric cars New Fiat 500 electric cars
New Fiat 500 electric cars (Photo: Fiat)

In order to support the automotive industry in the country, Italy subsidizes up to 6,000 euros for the purchase of electric vehicles. Fully subsidized electric cars must cost under 35,000 euros.

The Italian government has also set aside $9.6 billion for electric car subsidies until 2030. Of which, $775 million is allocated for this year.

Not only that, the Italian government also provides subsidies of up to 2,500 euros to consumers who want to buy hybrid cars. For car owners who have a vehicle with an old production year, they will receive a compensation of 1,250 euros, if they want to dispose of their car.

See also: New UK homes should have EV chargers starting in 2022

Italy joins the United States and other countries in offering buyers incentives to buy electric, non-polluting vehicles.

The United States government has been coordinating with its trading partners, as it proposes greater incentives for domestically made vehicles by unions.

See also: Tesla Model 3 is the most efficient electric vehicles for 2022

Italy’s Transitional Minister for Ecology has recently spoken with the European Union to make an exception to the proposed 2035 ban of internal combustion engines for low-volume supercar manufacturers. This is because the supercar manufacturer is too small to switch to electrification as quickly as a high-volume production producer.

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