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Madrid's car subsidy scheme is credited with driving sales this year.
That suggests the Madrid government's car subsidy scheme, which lets car buyers save €1,000 when they trade in an older model, is having an effect.
The ongoing debate about electric cars, which typically focuses on their range, cost and practicality, is heating up again thanks to the news that, of an expected 8,600, only 534 people have signed up for the government's electric car subsidy.
And if it got its proper share of funding — compared with the inherent car subsidy, or a value capture of the real estate benefit it creates — we could see a rebirth of one of the work horses of urban transit.
The electric car subsidy fund this year is already depleted.
The car subsidy is gone now, and even extending the home buying subsidy, as the realty industry lobby is pressing Congress to do, isn't going to induce that many more people to buy.
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That, combined with electric car subsidies, seems to have increased its popularity beyond what Nissan projected.
American trade officials will need to review the details of the availability of Chinese car subsidies, said Nkenge Harmon, a spokeswoman for the Office of the United States Trade Representative.
emitting around 1m tonnes of pollution every year, or the financial loss to US taxpayers, who were billed $51m for VW's green car subsidies.
The Chinese government has also encouraged a shift toward more efficient models through stringent fuel-economy regulations, even as Congress has opted for more subsidies for oil production and a limit on hybrid car subsidies.
Empirical evidence from various sources shows that electric vehicle owners tend to have much higher incomes than other consumers and, among electric car owners, higher-income purchases receive the bulk of the electric car subsidies.
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