Scrappage scheme in Italy sees EV prices plummet
A scrappage scheme in Italy is set to make some electric vehicles (EVs) extremely affordable. The program allows low-income buyers who trade in a car registered before 2015 to buy a new Dacia Spring (pictured) for just €3,900. The €597 million incentive hopes to boost sales of EVs to at least 39,000 by June 2026. Today, fully electric vehicles only represent 5.2% of the Italian car market, well below the EU average of 15.8%.
To qualify for the full €11,000 discount from the scrappage scheme, a buyer must scrap a Euro 5 or earlier vehicle, live in an urban area with fewer than 50,000 residents, and have a family income of below €30,000. Those earning up to €40,000 are still entitled to a €9,000 discount. Companies can, in some cases, see subsidies that would cover 30% of the cost of an EV, capped at €20,000 per new vehicle.
This makes the Dacia Spring, already the cheapest new EV at €17,900, plummet in price to just €3,900 for those entitled to the full incentive. That comes with a 44hp electric motor and a battery good for 140 miles on a full charge.
The Leapmotor T03 has dropped from €18,900 down to €15,900 buy Stellantis. This brings its price post-incentive to just €4,900. The Chinese brand believes that this would be “less than what you paid for your bicycle.”
EVs from other companies are also eligible for discounts. Fiat will offer a 500e for just €9,500 while the electric versions of the new Grande Panda will fall to just €11,950. The Citreon e-C3 meanwhile can now be had for just €12,900 while the larger e-C3 Aircross will be €15,790 post-discount.
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