Tag: Taxes

Nov 24, 2022 - 02:11 pm

Philippines drops import duties for electric vehicles

In order to boost demand for electric vehicles in the face of high fuel costs, the Philippines has abolished import duties on electric vehicles. The scheme will apply not only to cars, but also buses, delivery scales, trucks, motorbikes and e-bikes.

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Nov 18, 2022 - 11:59 am

UK to drop EV tax exemption in 2025

Great Britain is abolishing the vehicle tax exemption for electric vehicles. As announced by the British Ministry of Finance, from 1 April 2025, the so-called Vehicle Excise Duty (VED) must also be paid for electric cars, vans and motorbikes – but initially at a manageable rate.

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Sep 26, 2022 - 05:02 pm

China to extend tax exemption for NEVs over 2023

China will continue to exempt New Energy Vehicles (BEVs, FCEVs and PHEVs) from purchase tax in 2023. There had already been reports to this effect at the beginning of August, but now the official confirmation has come from the responsible ministry.

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Aug 15, 2022 - 11:48 am

Inflation Reduction Act passes the US House of Representatives

The Inflation Reduction Act, which also includes the reform of the EV tax credit, has now passed the House of Representatives after the Senate and is expected to be signed by President Joe Biden in the coming days. The new eligibility requirements will make most electric models ineligible for the tax credit.

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Aug 8, 2022 - 11:03 am

US Senate reforms electric car tax credits

The US Senate has passed the Inflation Reduction Act by a narrow majority, which also includes reform of the electric car tax credit. After the vote in the Senate, the legislative package will go to the House of Representatives this week, where the Democrats have a slim majority.

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Aug 1, 2022 - 04:54 pm

China to extend sales tax exemption for NEVs to 2023

The Chinese government wants to continue the purchase tax exemption for New Energy Vehicles (BEVs, FCEVs and PHEVs) in 2023. The purchase tax exemption for NEVs in China has been in place since 2014, and with its continuation the government wants to further support the growth of the industry.

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Jul 22, 2022 - 03:40 pm

Australia takes aim at Victoria’s extra EV tax

In Australia, the Federal Government has formally joined a legal bid to strike down Victoria’s controversial electric vehicle tax. According to a report in The Age, federal Attorney-General Mark Dreyfus filed an intervention in the High Court, supporting two Victorian motorists reportedly seeking to have the state’s EV levy ruled unconstitutional.

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Jun 20, 2022 - 02:09 pm

Norway considers cutting EV advantages

The Norwegian public road administration ‘Statens vegvesen’ has put the removal of some advantages for electric cars in road traffic into play. The considerations are part of a plan to reduce car traffic in Norway as a whole.

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May 4, 2022 - 01:27 pm

Norway reconsiders electric car privileges

The Norwegian Ministry of Transport is considering abolishing or reducing privileges for electric vehicles in taxes and tolls in larger cities. According to its own statements, the government wants to push ahead with the traffic turnaround – and not simply replace combustion engines 1:1 with electric cars.

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Nov 1, 2021 - 12:04 pm

US government to stick with union-backing subsidies

The US government is sticking to its plan to increase the tax credit for electric vehicles assembled by union workers in the US to $12,500. The increase is part of the revised “Build Back Better” plan now presented. There is opposition to the proposed measure abroad.

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Oct 5, 2021 - 11:49 am

Norway considers introducing luxury EV tax

According to a media report, Norway’s new government is planning a luxury tax on expensive electric cars. Specifically, the future cabinet plans to impose a 25 per cent value-added tax on the portion of the purchase price that exceeds 600,000 kroner (about 60,000 euros).

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Aug 17, 2021 - 01:16 pm

Ukraine extends VAT exemption for BEVs

Ukraine is sticking to its strategy for imported electric vehicles and renewing a VAT exemption first approved by parliament in early 2018. President Volodymyr Zelensky signed legislation to this effect, meaning that VAT on the import of electric vehicles will no longer apply until the end of 2025.

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May 31, 2021 - 11:15 am

Belgium announces new company car electrification bill

The Belgian government has given the green light to a bill by Finance Minister Vincent Van Peteghem to accelerate the electrification of company cars in the country. At the same time, the planned ban on internal combustion company cars is off the table, but tax advantages are now only available for EVs.

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May 27, 2021 - 04:37 pm

US Senate approves increase of EV tax credit

The US Senate Finance Committee on Wednesday approved a bill to increase the tax credit for electric vehicles assembled by union workers in the US up to $12,500. This would apply to electric vehicles up to a price of $80,000.

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Feb 19, 2021 - 11:45 am

South Korea aims to push EV innovation

The South Korean government, in close cooperation with the industry, has decided to push technological innovations in the field of e-mobility so strongly that the prices for electric cars will drop by the equivalent of at least 7,500 euros by 2025.

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Dec 7, 2020 - 12:21 pm

Denmark ups taxes for ICEs and incentives for EVs

The Danish parliament has passed a tax plan that should help bring at least 775,000 electric and hybrid cars onto the road by 2030. The plan envisions a gradual increase in taxes and charges for cars with a combustion engine and lower taxes for electric cars and charging.

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Oct 26, 2020 - 02:48 pm

France considers SUV tax

France is planning a special tax for particularly heavy cars such as SUVs, which would affect German manufacturers in particular. The plan is to tax every kilogram above a vehicle weight of 1.8 tons with an extra ten euros. Electric and hybrid vehicles will be exempt from the tax since they can be very heavy […]

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Jun 4, 2020 - 02:12 pm

Germany doubles EV subsidies, no more diesel support

In an economic stimulus package following the Corona crisis, the German government has included several measures to promote electric mobility. The most powerful one is that the state is doubling its share of the environmental bonus in the form of a new “innovation premium”.

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May 20, 2020 - 01:46 pm

EU Commission considers 100 billion euro transport package

The EU Commission has apparently drawn up initial proposals for an economic and climate protection package in the transport sector worth up to 100 billion euros. Among other things, the plans outline a purchase premium for ‘cleaner cars’. There is apparently still some dispute about which cars should be included.

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Apr 23, 2020 - 01:36 pm

China extends EV sales tax exemption til 2022

The Chinese government has now officially confirmed that it will exempt New Energy Vehicles (BEV, FCEV and PHEV) from the 10 per cent purchase tax in 2021 and 2022. Rumours to this effect had already been in circulation since the beginning of this month.

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Jan 2, 2020 - 06:29 pm

Tesla launches Shanghai Model 3 deliveries

Tesla has started deliveries of the first Model 3s produced in the Shanghai plant to customers. The first 15 vehicles were handed over to Tesla employees during a special event. According to a Reuters report, regular customers will also receive their vehicles from 7 January onwards.

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Found on electrive.com
https://www.electrive.com/2022/11/24/phillipines-drop-import-duties-for-electric-vehicles/
24.11.2022 14:35