Austria boosts incentives to buy electric cars

Austria boosts incentives to buy electric cars

VIENNA (AUSTRIA) – Austria will boost financial incentives for buying battery-powered cars and bicycles. It will also triple grants for charging points from July in its efforts to tackle global warming, the economy minister said on Monday.

Electric car buyers are slated to receive 5,000 euros ($5,640) in support from Wednesday, up from 3,000 euros, Leonore Gewessler told the media.

The hike in incentive is the result of a joint effort with the car industry, which will contribute 2,000 euros, she said.

The minister also announced a tripling of support for charging points. This comes to 600 euros for home charging stations or intelligent charging cables, and 1,800 euros for charging points in multi-occupancy buildings.

Austria currently has around 5,500 charge points and wants to increase that number as quickly as possible, she said.

By the end of May 33,000 electric vehicles (EVs) were registered in Austria, just 0.7% of the total number of cars, according to Statistik Austria. Around two thirds of the EVs are commercial vehicles.

The minister said up to 1,200 euros will also be provided to support the purchase of e-bikes.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field

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