EU to extend flexibility for electric‑car incentives under stability pact

The European Commission is preparing a proposal to allow member states to count spending on electric‑vehicle incentives as an exemption from the EU fiscal stability pact. The measure would broaden the current flexibility, which is limited to defence spending, and let countries allocate funds for zero‑emission car subsidies without affecting their deficit calculations. The change is intended to boost the rollout of electric cars and strengthen energy resilience, although specific limits and conditions are still being finalised.

In Italy, the vintage‑car market is experiencing strong growth despite the broader shift toward electric vehicles. Cars at least 20 years old are classified as “vintage,” and the sector now attracts buyers ranging from budget‑conscious enthusiasts to high‑net‑worth collectors. Prices vary widely, with examples such as 1970s Fiat 500s sold for under €10,000 and rare models like the 1955 Mercedes‑Benz 300 SLR Uhlenhaut Coupé fetching $145 million in 2022. Owners also benefit from reduced road taxes, and events such as the Auto e Moto d’Epoca fair in Bologna highlight the sector’s expanding appeal.