Madrid – The Spanish government will allocate 72 million euros ($104 million) this year to subsidize purchases of electric cars, officials said Friday.
Also included in the package approved by Prime Minister Jose Luis Rodriguez Zapatero's government is a measure providing a regulatory framework to encourage the creation of vehicle-charging stations in locations such as parking lots and shopping centers.
Another part of the initiative calls for the establishment of a "supervalle" (super off-peak) rate for drivers who charge their electric vehicles during overnight hours.
Zapatero and his Cabinet ministers gave final approval Friday to a Royal Decree authorizing the payment of subsidies for electric-car purchases this year.
Consumers, including individuals and fleet buyers, will be eligible for a subsidy equal to 25 percent of the pre-tax selling price of electric cars, up to a maximum of 6,000 euros ($8,700) per vehicle.
For larger electric-powered vehicles, such as buses and trucks, the subsidy will cover 25 percent of the total purchase price. The maximum for larger vehicles extends from 15,000 to 30,000 euros ($21,700 to $43,500), depending on the type and range of the vehicle.
Spain currently has some 20,000 electric cars on the road and the Industry Ministry expects that number to rise to 250,000 by 2014.