Italy implements robust EV incentives
The streets of Rome will also become a lot cleaner.
The Italian government approved an ecobonus programme with substantial purchase subsidies for electric cars, both for private consumers and companies. The benefit can amount to 6,000 euros per car. Not only is an incentive been introduced to encourage the purchase of electric cars, also buying a polluting car is discouraged. It’s the so called carrot-and-stick approach.
Italy created the subsidy program for the entire country to improve their poor air quality. The government set aside 60 million euros this year. That amount will increase to 70 million euros in 2020 and 2021. Ecobonus is a measure implemented by the Ministry of Economic Development that offers subsidy for the purchase of low-emission vehicles. The bonus depends on what type of vehicle you're buying, how much CO2 it produces and whether you're trading in an older model.
Eco-tax vs Eco-bonus
The plan applies to new vehicles purchased and registered in Italy between March 1st 2019 to December 31st 2021, including those bought for leasing. Drivers buying a new car will have to pay a penalty for choosing a polluting model. But, they can benefit from discounts for taking home an electric vehicle. They call it eco-tax and eco-bonus. Both private consumers and companies can apply for a subvention of up to € 4,000 towards the purchase or leasing of a new vehicle in the M1 category (passenger cars for up to 8 people) with a CO2 emission rating of up to 70 g/km. Plus the new vehicle must be listed at less than € 50,000 without VAT.
Increase your bonus
The program is divided into two categories: vehicles with a CO2 rating of up to 20 g/km (basically only BEVs) and vehicles that emit between 21 and 70 g/km (plug-in hybrids for example). The first category is eligible for a €4,000 discount, the second for € 1,500. You can increase these bonuses to € 6,000 and € 2,500, respectively, if you discard an older vehicle that meets the Euro 1, 2, 3 or 4 emission standards. There are also tax benefits included in the plans for placing a charging point. The application period for charging solutions is the same.
The eco-bonus applies to mopeds, scooters and motorbikes as well as cars. We all know the images of Italian scooters who simply manoeuvre through the busy city traffic and narrow streets. The Italians make a good attempt to make this as green as possible.
More countries are expected to follow the Italian example to be able to meet their climate goals. England, for example, has a 277-page report filled with climate advice to cut net emissions to zero by 2050. That report says electric vehicles should replace the ones running on gasoline or diesel by 2035 or earlier. There is a chance that EV sales will also jump up in England. So far they are only advice and not, as in Italy, actual plans.
Map of all the European incentives
Car manufacturer organization Acea created an interactive map which shows the electric vehicle incentives per country in Europe. Take a look at the map.
If your Italian is good enough, take a look at the Ecobonus website.