Spain to subsidise electric car sales with 800 million euros to 2023


Minimo, the new all-electric a two-seater concept vehicle by the Spanish car-maker SEAT, is displayed inside company's booth after being unveiled at the Mobile World Congress in Barcelona, Spain February 25, 2019. REUTERS/Sergio Perez

MADRID (Reuters) - The Spanish government has approved a plan to spend up to 800 million euros ($950 million) until 2023 to encourage electric car sales, the Energy Ministry said on Friday.

Private buyers would be entitled to subsidies of up to 7,000 euros per car, while authorities in small towns and companies buying fleets to use as taxis could get more. Buyers of electric vans would get up to 9,000. The bonus scheme will start from Saturday, the ministry said.

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