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Amsterdam Introduces EV Subsidies, Think Says Thank You

The City of Amsterdam announced this week it will support the growth of the electric transportation in the region by providing 3 million euros worth of subsidies for grants to entrepreneurs and companies in the city, that wish to replace their existing ICE vehicles with pure electric vehicles.

According to the provisions of the project, the grants will cover up to 50% of the additional costs of buying EVs, currently a bit more expensive than internal combustion engined-cars.

The subsidies, or grants, are as follows:

  • up to €15,000 available to buy a single EV
  • up to €25,000 available to buy a single EV van
  • up to €45,000 available to buy a single EV truck or taxi
  • up to €250,000 available to buy fleets of 20 vehicles or more

As was to be expected, the decision did nothing but please EV manufacturers, especially Norwegian company Think, which has the biggest chances of becoming Amsterdam's most visible EV maker.

“This project from Amsterdam City Council stands out as the most forward-thinking of initiatives in the electric vehicle sector across the whole of Europe. Business and enterprise is at the heart of any major city, and targeting this sector with such generous subsidies we think will change the face of business transport in the city,"
Richard Canny, Think CEO said in a release.

"We are increasing our EV sales forecasts in the Netherlands on the back of this announcement, and urge other forward-thinking, green European cities to follow Amsterdam’s lead with this marvelous initiative.”
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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