ECONOMY

Subsidy program launched for purchase of e-vehicles

Subsidy program launched for purchase of e-vehicles

The Greek government will launch a program to subsidize the purchase of e-vehicles as part of a strategy to promote the use of electric cars in the country.

Environment and Energy Minister Costas Skrekas and Secretary General for Energy Alexandra Sdoukou said that the subsidy for individuals reached 30 percent on the retail price of a vehicle (pre-tax), while additional subsidy was offered for the purchase of a home charger or the withdrawal of an old car.

Skrekas said the program has four goals: Renewing the country’s car fleet, developing smart charging infrastructure, reducing CO2 emissions and saving funds for citizens. Sdoukou said the subsidy covered only the purchase of e-vehicles and not plug-in hybrid cars.

The program has a budget of 50 million euros and was expected to be further increased in 2023.

The platform for submitting applications will open on Thursday. 

[AMNA]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.