A project fund of €3 million is available for grants to entrepreneurs and companies in the city who wish to replace their existing ICE vehicles with pure electric vehicles. Grants are available to cover up to 50% of the additional costs of buying EVs, which currently cost more than conventional ICE vehicles.
Grants available are as follows:
Up to €15,000 available to buy a single EV
Up to €25,000 available to buy a single EV van
Up to €45,000 available to buy a single EV truck or taxi
Up to €250,000 available to buy fleets of 20 vehicles or more
THINK CEO, Richard Canny, says: “This project from Amsterdam City Council stands out as the most forward-thinking of initiatives in the electric vehicle sector across the whole of Europe. Business and enterprise is at the heart of any major city, and targeting this sector with such generous subsidies we think will change the face of business transport in the city. We are increasing our EV sales forecasts in the Netherlands on the back of this announcement, and urge other forward-thinking, green European cities to follow Amsterdam’s lead with this marvelous initiative.”
The THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds for some 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has been through extensive testing and validation and several hundred computer simulations and correlations.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Austria, Denmark, The Netherlands, Norway, Spain and Sweden. THINK also recently announced plans to establish an American production facility in Indianapolis, USA.
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution.