Italy approves decree to spend $709M a year on car incentives

UK electrc car sales — The "Fit for 55" proposal released in July 2021 calls for a 100 percent reduction in car emissions by 2035, which would effectively mandate sales of only full-electric vehicles in the EU. (Sean Gallup/Photographer: Sean Gallup/Getty )

Sa

By:

Staff and wire reports

April 07, 2022 08:38 AM

Italian Prime Minister Mario Draghi has signed a decree to allocate 650 million euros ($708.89 million) a year from 2022 through 2024 for incentives for people who purchase zero- and low-emission cars, the country's industry ministry said on Wednesday.

Featured Stories

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

How multiple tariffs can be added to a vehicle, parts that cross U.S.-Canada-Mexico borders

How multiple tariffs can be added to a vehicle, parts that cross U.S.-Canada-Mexico borders

Which vehicles are subject to Trump’s auto tariffs? Check our list

Which vehicles are subject to Trump’s auto tariffs? Check our list

Nissan’s new scalable EV platform to support up to 5 models, including lifestyle pickup

Nissan’s new scalable EV platform to support up to 5 models, including lifestyle pickup

Latest News

Ford CEO hints at Musk support amid tariff spat with Trump aide

Where vehicles sold in Canada are built: An origin guide to tariffs

Tariff turmoil hits global suppliers at Detroit conference

Cadillac ending production of three-row, gasoline-powered XT6 crossover

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

Trump auto tariffs could cut European exports to U.S. by 200,000, study says

U.S. stock futures plunge overnight with Trump team defending tariffs

British government is relaxing EV rules to protect automakers from Trump tariffs

Staying current is easy with newsletters delivered straight to your inbox.