Scrap metal as a bonus for buying an electric car
Imagine that you live in Italy and have owned an old car for many years. You are already about to get rid of it, and in the end it may pay off more than you ever thought before – that is, if they introduce a new subsidy of almost 14 thousand euros for an electric car in exchange for getting rid of your old vehicle.
The goal is said to be to restore the Italian fleet, which is one of the oldest in Europe. At least 11 million cars here still meet only the Euro 3 emission standard or below. In addition, the local government clearly wants to support families with low incomes. The measure could also have a positive effect on the automotive industry.
The number of new car registrations in Italy will rise by 19 percent to around 1.57 million in 2023, according to recently published figures from the Ministry of Transport. However, the share of electric vehicles in the total market pie remains lower in Italy than in other major European economies.
It turns out that Europe is coming under increasing pressure if it wants to fulfill its ambitious goals in terms of a massive transition to electromobility. Several analysts are commenting that EU countries must absolutely improve their industrial policy, which, according to them, should go hand in hand with the fact that car companies will quickly introduce cheaper electric cars to the market.
Source: Automotive News Europe