Government Coaxes Drivers to Buy Electric Cars

Photo: Postimees/Scanpix
7/11/2011 5:34 PM
Category: Sci-Tech

As of July 11, car owners, be they individuals or businesses, can receive subsidies of up to 50 percent on their purchase of a new electric car, the Ministry of Economic Affairs announced.

Financed by the sale of carbon dioxide credits to Mitsubishi, the offer is part of the government's development strategy to boost renewable energy use to 10 percent of the nation's fuel consumption by 2020. The sale also allowed the state to purchase 507 electric cars, which will be reserved for social workers. A nationwide network of charging centers is planned.

The subsidy, which is capped at 18,000 euros and includes an additional 1,000 euros for the battery charger and installation, will be provided to the first 500 buyers.

The cars can be purchased from anywhere within the EU, but must be fully electric, with a top speed over 60 kilometers per hour (sorry, no golf carts). The vehicles must also come with a warranty of least two years, with a five-year warantee on the battery.

Those interested should apply for the aid from KredEx, the state's credit agency, and can do so until November 30, 2012.

 

Ott Tammik


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