The Italian government plans to spend up €930mn this year to spur consumers to replace their petrol and diesel cars with electric vehicles, with a preference for models manufactured in Italy.
Rome will offer as much as €13,750 to low-income families that exchange Euro 2 cars — which are more than 20 years old — for EVs, according to a concept note seen by the Financial Times.
The right-wing government of Giorgia Meloni is seeking to boost sales of EVs made in Italy, after nearly 80 per cent spent in a first phase of the scheme set up in 2022 was allocated to foreign-made cars. Among the goals of the incentive scheme, the concept note said, is, “to stimulate the purchase of cars actually produced in Italy”.
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