ROME -- Italy plans to subsidize up to 6,000 euros ($6,570) of the purchase price of new electric vehicles as part of its plan to support the country's automotive industry, a government source said.
Rome has set aside 8.7 billion euros until 2030, including around 700 million euros for this year, to support its carmaking industry.
The subsidy of up to 6,000 euros is subject to the purchase of new full-electric vehicles costing up to 35,000 euros and includes a 2,000-euro contribution linked to the scrappage of a polluting combustion-engine car.
The purchase of plug-in hybrid vehicles costing up to 45,000 euros will be subsidized with up to 2,500 euros.
The plan also includes incentives of 1,250 euros for buyers scrapping a car and selecting a combustion-engine vehicle with the latest Euro 6 emissions technology.