Spanish gov’t to subsidize electric vehicles

Also included in the package approved by Prime Minister Jose Luis Rodriguez Zapatero’s government is a measure providing a regulatory framework to encourage the creation of electric vehicle charging stations in locations such as parking lots and shopping centers.

Another part of the initiative calls for the establishment of a super off-peak rate for drivers who charge their electric vehicles during overnight hours.

Zapatero gave final approval to a Decree authorizing the subsidies for electric car purchases this year. Consumers, including individuals and fleet buyers, will be eligible for a subsidy equal to 25 percent of the pre-tax selling price of electric cars, up to a maximum of 6,000 euros per electric vehicle.

For larger electric vehicles, such as buses and trucks, the subsidy will cover 25 percent of the total purchase price. The maximum for larger vehicles extends from 15,000 to 30,000 euros, depending on the type and range of the vehicle. Spain currently has some 20,000 electric vehicles on the road and the Industry Ministry expects that number to rise to 250,000 by 2014.