BYDDY - Italy Pushes Car Fleet Renewal Yet Still Lags Behind EU Average In EVs
2024-06-19 12:45:00 ET
Summary
- Italy’s car renewal scheme should boost the adoption of low-emission cars such as hybrids and electric vehicles, and lead to double-digit growth in 2024.
- Italy will still lag the EU average and the net economic impact is limited.
- Charging infrastructure is a key requirement for progress, while EVs in the small segment could eventually help.
By Paolo Pizzoli & Rico Luman
Italy introduces long-awaited subsidy programme for greener car sales
While various other countries have been scaling back subsidies, Europe’s fourth-largest car market and one of the most densely populated car countries – Italy – has introduced a long-awaited stimulus programme to incentivise purchases of lower carbon hybrids and electric vehicles....
Italy Pushes Car Fleet Renewal Yet Still Lags Behind EU Average In EVs