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Spain to subsidize electric car sales to the tune of 800 million euros until 2023

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Private buyers would be eligible for subsidies of up to € 7,000 per car, while authorities in small towns and businesses purchasing fleets to use as taxis may get more.


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Buyers of electric vans would receive up to 9,000.

Spain’s government has approved a plan to spend up to 800 million euros ($ 950 million) through 2023 to encourage sales of electric cars, the Energy Ministry said on Friday.

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Private buyers would be eligible for subsidies of up to € 7,000 per car, while authorities in small towns and businesses purchasing fleets to use as taxis may get more. Buyers of electric vans would receive up to 9,000. The bonus program will start from Saturday, the ministry said.

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The incentives follow announcements earlier this year of government plans to promote domestic production of battery-powered cars as well as car batteries.

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