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Government of Spain approves subsidies for purchase of electric vehicles
10 May 2011
The Government of Spain last Friday approved incentives to stimulate the introduction of the electric vehicle, including direct subsidies for the purchase of such vehicles with a budget of €72 million (US$103 million) for 2011.
EVs will be subsidized for up to 25% of the purchase price, before tax, to a maximum of €6,000 per vehicle (US$8,600).
25% of the gross purchase price of other electric vehicles such as buses, coaches and vans will also be subsidized,with a maximum of €15,000 or €30,000, depending on the type of vehicle as well as range.
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