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Italy Targets 1 Million EVs in 5 Years
Italy, which has an estimated 5,000 electric cars on the road today, aims to multiply that number to 1 million units by 2022.
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Italy, which has an estimated 5,000 electric cars on the road today, aims to multiply that number to 1 million units by 2022.
It isn’t clear if the target volume would consist entirely of all-electric vehicles or include plug-in hybrids. In either case, analysts consider the goal wildly optimistic, Bloomberg News reports. Last year EVs accounted for 0.1% of new passenger vehicle sales in Italy.
The country’s coalition government, which proposes the plan, intends to create demand through incentives. But analysts tell Bloomberg it would take rebates worth about $10,000 per car, or $10 billion, to generate the necessary sales.
Whether the country will be able to build a charging infrastructure sufficient to support one million EVs within five years is another unanswered question. Italy’s Enel SpA energy provider plans to spend €100 million-€300 million to install as many as 14,000 charging stations in the country by 2022. But the utility says Italy’s government hasn’t issued clear or detailed guidelines about its vision.
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