Italy plans to introduce subsidies for new energy vehicles up to 6,000 euros per vehicle

Electric vehicle subsidies have been a hot topic
.
Recently, General Motors and Tesla in the United States have both exceeded the 200,000 electric vehicle sales mark, which means that the corresponding subsidies will also end
after that.
At the same time, Norway also set a new record for electric vehicle sales, thanks to favorable government incentives
.

But as the U.
S.
considers whether to remove or extend electric vehicle subsidies, other countries are also considering the issue
.

Italy's legislature this week laid out a new set of regulations
aimed at accelerating the adoption of electric vehicles.
According to local media, the new regulations will come into force
on March 1 once approved by the lower house.
They will provide subsidies of up to €6,000 for new energy vehicles for buyers who purchase battery-electric or plug-in hybrid vehicles for less than €50,000
.

Details of the program have not yet been announced
.

But there are two sides
to everything.
The flip side of Italy is a new tax
on vehicles with petrol or diesel engines based on emissions.
Vehicles that emit between 161 and 175 grams of CO2 per kilometer will be subject to a tax
of 1,000 euros.
The more emissions, the higher the
tax.
Vehicles that emit between 201 and 250 grams of CO2 per kilometre will pay a tax of up to €2,000
.

Small family cars have a tax exemption, but larger sedans and SUVs will be subject to the highest tax rate, and the new policy is scheduled to take effect
by the end of 2021.