Spain To Subsidize Electric Vehicle Sales With €800 Million To 2023

The Spanish government will spend up to €800 million (~$950 million) until 2023 to push electric car sales, Reuters reports.

Spain’s Energy Ministry made the announcement last week. Private buyers will be qualified for subsidies of up to €7,000 per vehicle. Authorities in small towns, as well as companies purchasing fleets to use them as taxis, could get even more.

Way to go Spain 🇪🇸 @CarlosDG_Tesla@Alandbru @Ojimenezro002 @slcuervo @JohnnaCrider1 @ClubTeslaES @elonmusk
7000€ para tu proxima electrico coche. https://t.co/1quYEveSKc

— Khalil Amar 🔌🇲🇦 (@khalilamar) April 12, 2021

That number isn’t mentioned, though. Those buying electric vans will get up to €9,000.

The bonus scheme started this past weekend.

Spain also wants to promote domestic production of battery-powered cars and car batteries. Last month, we reported on this a bit. To recap, Spain will use funding from the European Union to create a public-private consortium with Volkswagen Group’s SEAT and the power company Iberdrola to build the nation’s first EV battery factory. You can read more about that here.