Italy offers incentives for EVs

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The Italian Ministry of Economic Development (MiSE) has published the provisions that will grant financial incentives for the purchase of electric or hybrid vehicles or vehicles with low CO² emissions up to the end of 2021.

The incentives, defined by the Italian government in the 2019 budget law, can be requested from today. In the initial phase of the program, which is also aimed at assessing EV take-up, €20 million will be available for 120 days. The remaining resources for the year will be made available through a dedicated portal, the government said.

The budget for this year amounts to €60 million. In 2020 and 2021 it will rise to €70 million.

The scheme is intended to help those who buy, including through leasing, and register in Italy two categories of low-emission vehicles.

‘M1’ vehicles must be for the transport of people, have at least four wheels and a maximum of eight seats plus the driver’s. To qualify for incentives they must be new, produce CO² emissions of no more than 70 g/km, be registered in Italy between March 1, 2019 and the end of 2021, and cost less than €50,000 including VAT.

Two-wheelers

L1 and L3 vehicles are two-wheelers, in the first case with a cylinder capacity of 50 cc or less and maximum speed of 45 kmh; and in the second, vehicles whose displacement exceeds 50 cc and whose maximum speed exceeds 45 kmh. Both must be new, electric or hybrid, registered in Italy this year and have power of less than 11 kW.

MiSE added, 180 days will be permitted for the delivery of qualifying vehicles after their purchase has been booked.

“The measure is not a measure to support the vehicle market but has an entirely environmental purpose as it integrates with the current European legislation on air quality and the environment,” the Italian government said.

According to the newauto.it website, the incentive for 100% electric vehicles can result in a saving of €6,000.