Adolfo Urso, the Minister of Industry and Made in Italy », announced on February 1, 2024 the establishment of a “ automobile incentive plan “. Italy is getting a big ecological bonus with a budget of 950 million euros.
Up to 13,750 euros to go electric in Italy
It’s done: Italy will devote 950 million euros to the electrification of its vehicle fleet, one of the oldest in Europe. Aid which comes while the Italian government is in conflict with Stellantis. Giorgia Meloni believes that the automobile giant has “ acted against the national interest “. While for his part, Carlos Tavares said that Italy was not doing enough to help its residents go electric.
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In any case, the country has just formalized the implementation of a new ecological bonus to allow drivers to switch to electric. A boost that can reach up to 13,750 euros for the most modest households. Aid is only granted on vehicles costing less than 35,000 euros. The bonus is also valid on plug-in hybrid vehicles (up to 10,000 euros) costing less than 45,000 euros.
The country changes strategy
An envelope of 950 million euros which is an integral part of a broader program of 8 billion euros. Announced by Rome in 2022, its objective is to support the automobile industry over several years. “ We absolutely must change trajectory compared to past years » declared Adolfo Urso during his conference. Italy is making a major turning point and thus changing its strategy.
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The Minister of Industry warns that “ if the trend does not change this year, despite the enormous resources that we are devoting, we will reserve future resources from the automobile fund to support our sector and help with the establishment of new factories in our country “. Stellantis expects a lot from Italy. The automobile group plans to increase its production to one million units by 2030 in the country.
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