Italy sets aside extra 100 million euros for low emission car purchases

Italy has set aside an extra 100 million euros ($116 million) to subsidise citizens who want to buy less polluting vehicles this year, Industry Minister Giancarlo Giorgetti said. The scheme is part of a broader economic stimulus decree approved by the cabinet on Friday.

File photo used for representational purpose only. (REUTERS)
File photo used for representational purpose only.

Funds will mainly be allocated to purchases of electric and hybrid cars, but will be also available for low emission Euro6 small and medium cars, commercial vehicles and second-hand cars, Giorgetti said.

Also Read : This nation is trying to shield supercars from combustion engine ban

A preliminary draft seen by Reuters before the cabinet decision envisaged a 300-million euro allocation, but the government decided on a lower figure. The measure adds to the 800 million euros Rome has already set aside this year to help purchases of low emission vehicles.

Trending Cars

Find more Cars

Also Read : Porsche not happy with Italy's demand for exemption from ICE ban

Car registrations in Italy declined almost 33% in September, transport ministry data showed this month. The drop is the third monthly contraction in a row, as a post-pandemic recovery has been hampered by a global microchip supply shortage, which is pushing automakers to reduce production.

First Published Date: 16 Oct 2021, 17:51 PM IST
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
73% OFF
IDELLA Car Duster, Extendable Long Handle Microfiber Car Duster Exterior Scratch Free Car Cleaning Tool, Car Dust Brush for Truck, Pickup, SUV, RV, Motorcycle, Vehicles Cleaning,(Multicolor)
Rs. 239 Rs. 899
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299
55% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 899 Rs. 1,999

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.