Greece introduces subsidies for electric vehicles of EUR 100 million
The Greek government has secured EUR 100 million for subsidies for the purchase of electric vehicles (EVs). The funds are planed for a period of 18 months. This is the first phase in the government’s program to enable faster uptake of EVs. The goal is to have one in three new vehicles powered by electricity […]
Electric vehicle prices declining as average range goes up
The prices of electric vehicles have been declining, while their average range has grown, making them more attractive to customers, according to a report by Lux Research, a US-based provider of tech-enabled research and advisory services. Battery electric vehicles (BEV) are consistently making progress on how far they can go, with the average range now […]
PPC begins voluntary layoffs at coal mines with program for 890 workers
The state-owned company PPC managing lignite open pits and thermal power plants in Greece launched the first round of the voluntary layoffs for employees in the fossil fuel business. Workers aged 55 and higher who apply are entitled to compensation of EUR 35,000 each. Minister Kostis Hatzidakis says PPC may let go up to 5,500 […]
Serbia to subsidize electric vehicles, hybrids, citing air pollution
The Ministry of Environmental Protection said the Government of Serbia issued a decree on subsidizing the purchases of new all-electric vehicles – including motorcycles and three-wheelers – and hybrids, following a decision in January to fight air pollution. The move is a part of measures to directly support environmentally friendly transportation as well, the statement […]
TMD Group to produce components for Mitsubishi Motors electric cars
TMD Group will produce components in Bosnia and Herzegovina for electric cars manufactured by Japanese automotive giant Mitsubishi Motors. According to local media, TMD has recently started the construction of a new facility, an investment estimated at BAM 20 million (EUR 10.2 million). Test production at the company’s existing facilities in Gradačac has already begun […]
VW to test autonomous, electric cars in Thasos as it mulls investment
Volkswagen is working on a study in cooperation with the government in Athens. The first update is expected by April. VW could decide to invest after trying out autonomous driving and other innovative solutions. Germany’s automotive giant aspires to develop a smart island system in the north Aegean. Greece’s government has teamed up with Volkswagen […]
Cyprus expands incentive scheme for electric cars, vehicle replacement
The Council of Ministers intends to increase the EUR 3 million package. Cyprus set aside EUR 5,000 for new electric cars that cost up to EUR 40,000 and EUR 2,000 apiece for those who switch to a new conventional unit and scrap a vehicle older than 15 years. Thousands of drivers applied for a chunk […]
TOGG presents Turkey’s first domestically made electric vehicle
President Recep Tayyip Erdoğan is about to take the prototype of a compact sports utility vehicle for a spin for the media in Gebze near Istanbul. Turkey’s Automobile Joint Venture Group Inc., founded under the auspices of the Ministry of Industry and Technology, is developing the first domestically produced car within a planned series of […]
