Electric Car - Currently Available Electric Cars - Government Subsidy

Government Subsidy

See also: Government incentives for plug-in electric vehicles

Several countries have established grants and tax credits for the purchase of new electric cars depending on battery size. The U.S. offers a federal income tax credit up to US$7,500, and several states have additional incentives. The U.K. offers a Plug-in Car Grant up to a maximum of GB£5,000 (US$7,600).

As of April 2011, 15 European Union member states provide economic incentives for the purchase of new electrically chargeable vehicles, which consist of tax reductions and exemptions, as well as of bonus payments for buyers of all-electric and plug-in hybrid vehicles, hybrid electric vehicles, and some alternative fuel vehicles.

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