Madrid, Spain – The Spanish government has approved several incentives to stimulate the introduction of electric vehicles, including direct subsidies for those who purchase them.
A budget of €72 million has been approved for 2011 to pay for the direct subsidies. Alfredo Pérez Rubalcaba, the First Vice-President, said that stimulating the introduction of electric cars is one of the government’s commitments to energy saving and sustainable mobility.
Rubalcaba reported that electric vehicles will be subsidized up to 25 per cent of the purchase price, before tax, with a maximum of €6,000 per vehicle. The measures also include subsidizing 25 per cent of the gross purchase price of other electric vehicles such as buses, coaches and vans, with a maximum of €15,000 or €30,000 depending on the type of vehicle and autonomy.