Oslo, Norway – Amsterdam has initiated a new Electric Transport Project subsidy, which will offer companies and entrepreneurs grants to help them replace their existing gasoline vehicles with pure electric vehicles.
A project fund of €3 million is available, with individual grants covering up to 50 per cent of the additional cost of buying electric vehicles. The grants range from up to €15,000 to buy a single vehicle, to up to €250,000 to buy fleets of 20 or more vehicles.
The news was welcomed by Norwegian electric vehicle manufacturer Think, which said that it will increase its sales forecasts in the Netherlands following the announcement.
“This project from Amsterdam City Council stands out as the most forward-thinking of initiatives in the electric vehicle sector across the whole of Europe,” said Think CEO Richard Canny. “Business and enterprise is at the heart of any major city, and targeting this sector with such generous subsidies we think will change the face of business transport in the city.”
European production of the Think City model is underway in Finland, with the first customer deliveries planned for selected key markets such as Austria, Denmark, The Netherlands, Norway, Spain and Sweden. The company also recently announced plans to establish an American production facility in Indianapolis, Indiana.