Austria ups incentives for electric cars buyers

Austria will boost financial incentives for buying battery-powered cars, and triple grants for charging points from July in its efforts to fight global warming, the economy minister said on Monday cited by the news wires. From Wednesday on, electric car buyers will get 5,000 euros in support, up from 3,000 euros, Leonore Gewessler told a news conference.

The increase is the result of a joint effort with the car industry, which will contribute 2,000 euros to the subsidy, she said. The minister also announced a tripling of support for charging points 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. Nearly 33,000 electric vehicles (EVs) were registered in Austria by the end of May, just 0.7% of the total number of cars, according to Statistik Austria. Around two thirds of the EVs are commercial vehicles.

Similar articles