E-cars on the rise: gasoline prices are rising, climate change is getting closer

E-cars on the rise: gasoline prices are rising, climate change is getting closer

Italy could prove to be Europe's growth engine when it comes to boosting electromobility. As fuel prices rise, electric vehicles become comparatively more attractive. An indication that changes in the mobility sector could have positive economic effects.

Economic growth of 0.7 percent is forecast, particularly in the south of Italy, compared to 0.3 percent in Germany. This upswing is partly attributed to a clever incentive mechanism, the so-called super bonus, which was created through government funding for energy-efficient renovation. This bonus made it possible to cover 110 percent of the renovation costs and motivated citizens to invest in their properties.

Despite the positive effect on economic growth, the generous support also led to an increase in the state's debt ratio and the prices of building materials. The originally generous conditions of the super bonus have now been adjusted to ensure that owners contribute financially.

This successful strategy could also be used in other countries, particularly when it comes to promoting sustainable technologies such as heat pumps and electric vehicles. If used cleverly, incentives such as the Superbonus could help to achieve a positive macroeconomic effect and accelerate the transition to environmentally friendly technologies.