Italy Considers $1-Billion Incentive Plan to Boost EV Sales

Italy’s government is discussing a plan worth $1 billion (930 million euros) to incentivize purchases of electric vehicles as part of efforts to renew one of Europe’s oldest auto fleets, Bloomberg reported on Wednesday, quoting a draft document it has seen.   The Italian industry ministry is currently discussing the package of incentives, which are set to include financial stimulus of as much as $15,030 (13,750 euros) to allow citizens with an annual income lower than $32,780 (30,000 euros) to scrap their Euro 2 conventional…