The US Treasury Department has revised its vehicle classification definitions, making even more electric cars eligible for the 7,500 dollar tax credit there. Moreover, the revision is applied retroactively, meaning all vehicles purchased since the beginning of the year can qualify.
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The US American government will not publish the battery mineral and component requirements that electric cars must meet to qualify for tax incentives under the Inflation Reduction Act until March 2023.
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France has extended the ‘Benefit-in-Kind’ scheme for electric cars by two years – it now applies until the end of 2024. In addition, electric car drivers pay fewer tolls for using French motorways.
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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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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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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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US President Joe Biden has signed the Inflation Reduction Act. This partially puts the tax credit reform for electric vehicles in the USA into immediate effect.
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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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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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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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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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Toyota is the third carmaker, after Tesla and General Motors, to reach the 200,000 plug-in vehicle sales mark in the US, which is the threshold for receiving the federal US-wide tax credit.
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With the increasing spread of electric vehicles, revenues from the mineral oil tax are decreasing. To cover road infrastructure costs, Switzerland is considering a replacement tax for vehicles with alternative drive systems that could come into force by 2030.
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Democrats in the US Senate have abandoned their plan to increase the tax credit for electric vehicles assembled by union workers in the US to up to $12,500.
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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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Climate protection in the Chinese transport sector will only play a minor role until the end of the year: In order to boost the car industry, the Chinese government is now halving the purchase tax for cars with internal combustion engines.
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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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New Zealand has legislated a major reform to light vehicle CO2 policy with strict targets and financial incentives and disincentives and mandatory labels on vehicles for sale commencing April 2022.
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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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In Australia, two electric vehicle drivers have launched a high court challenge to Victoria’s electric vehicle tax, arguing the levy is unconstitutional.
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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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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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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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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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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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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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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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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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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.
Read moreInitially, Poland had planned start spending a lavish purchase premium of 8,600 euros for low-cost electric cars from December. Then the country postponed the subsidy indefinitely for a short time. Nevertheless, e-car registrations are rising – a placebo effect?
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