Spain sets $789 mn budget for electric vehicles

Spain has presented a 590-million euro ($789 million) budget to promote electric vehicles in the country and is set to register more than 70,000 all-electric and hybrid cars by 2012.

The aim is a total registration of 250,000 units by 2014, Prime Minister Jose Luis Rodriguez Zapatero said Tuesday.

Subsidies of up to 6,000 euro ($8,000) per vehicle for individual users was announced by the prime minister to make it more economical for the users to acquire such vehicles.

The electric vehicles will be introduced in 145 cities across the country with populations greater than 50,000.

Public spaces will also be reserved in cities for recharging electric and hybrid ambulances, police cars and other public service vehicles.

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