Italy to give subsidies of up to 6,000 euros to new electric car buyers

Subsidies of up to 6,000 euros are subject to the purchase of new vehicles costing up to 35,000 euros and include a 2,000 euro contribution associated with scrapping a polluting combustion-engine car.

Italy plans to subsidize up to 6,000 euros (6,570) on the purchase price of new electric vehicles as part of its plan to support the country’s automotive industry, a government source said on Tuesday.

Rome has set aside 8.7 billion euros by 2030 to support its car manufacturing industry, including about 700 million euros for this year.

Subsidies of up to 6,000 euros are subject to the purchase of new vehicles costing up to 35,000 euros and include a 2,000 euro contribution associated with scrapping a polluting combustion-engine car.

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A subsidy of up to €2,500 would be given on the purchase of hybrid electric vehicles costing up to €45,000, while the scheme also includes an incentive of €1,250 for state-of-the-art combustion-engined (Euro6) cars when older vehicles are scrapped. . The source said.

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