Russia looks to reward electric vehicle buyers with rebates & toll-free roads ...News

The Russian government has unveiled a broad program aimed at boosting electric vehicle (EV) use in the country. The ambitious plan is expected to drastically raise the share of EVs in less than a decade. The estimated cost of the scheme is reportedly hovering around $7.9 billion, with private investments expected to amount to $6.7 billion. Most of the funds will reportedly be spent on developing charging infrastructure, while some of the money is earmarked for developing alternate EV and hydrogen fuel cell technologies. Meanwhile, consumers would reportedly receive a subsidy of up to 25% on EVs costing $30,000 or less.

Hence then, the article about russia looks to reward electric vehicle buyers with rebates toll free roads was published today ( Sunday 29/08/2021 - 05:30 PM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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