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.