Germany extends company car grant until 2030
The German government has passed the proposed law for the promotion of electromobility and the amendment of further tax regulations. Among other things, this concerns the taxation of electric company cars and the tax exemption for charging cars free of charge at the workplace.
US EV subsidies in question
In the U.S., thousands of car buyers may have erroneously received more than $70 million in tax credits for plug-in hybrids and electric cars – even though their vehicle was not actually eligible. An audit report has now revealed several loopholes in the scheme that could affect over 16,000 tax returns from 2014 to 2018.
UK to strike company car tax for EVs in 2020
The monetary advantage for the private use of electric company cars (BiK) will no longer have to be taxed in Great Britain from next year, the British government has now announced. De facto, only fully electric cars will benefit.
US Congress debates EV subsidy extension
US President Trump would like to see the government subsidies for electric cars abolished immediately, but a new draft law in Congress now aims for an extension of the tax rebates and an increase in the upper limit for the number of subsidised vehicles per manufacturer.
Germany to extend tax incentives for plug-in cars
German Federal Finance Minister Olaf Scholz has announced a significant extension of tax incentives for electric cars and plug-in hybrids as company cars in Germany. The 0.5% rule came into force at the beginning of this year is expected to have an effect beyond 2021, the initial end date.
India gears import taxes for domestic EV assembly
The Indian government has lowered import duty on parts of electric vehicles from 15-30 per cent to 10-15 per cent, effective January 30. At the same time, the Central Board of Indirect Taxes and Customs (CBIC) is now charging customs duty for battery packs for EVs, which were previously exempt.
Italy to subsidise EVs and tax ICEs
The Italian government plans to launch a subsidy package for the purchase of electric and hybrid vehicles with up to €6,000. At the same time, taxes for the purchase of gasoline and diesel vehicles will increase.
Finnish Task Force calls for fuel tax + EV incentives
The Finnish Ministry of Transport had asked a Task Force to analyse how the country may reach its goal to eliminate CO2 emissions in the transport sector by 2045. Their final report is out and proposes a range of measures that alternate between the carrot and the stick.
Netherlands develop new electric vehicle incentives
Starting in 2030, only emissions free vehicles will be allowed to be newly registered in the Netherlands. A group of experts has now come forward with a plan to reach this target – for which they have reportedly found government approval on all points.
Trump agrees to gasoline tax hike verbally
Donald Trump, when asked to explain the budget for his new 200bn dollar infrastructure plan, has verbally agreed to a proposal, which would hike up the gas taxes in the USA by 25 cents. This move is surprising on various levels.