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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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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With immediate effect, the financial advantage for the private use of electric company cars (benefit-in-kind, or BIK tax) no longer applies in Great Britain. The measure announced last year has now come into force.
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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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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.
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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.
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The Chinese government has added Tesla’s electric cars to the list of vehicles exempt from sales tax. Only cars produced in China are exempt from the ten per cent sales tax.
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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.
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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.
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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.
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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.
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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.
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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.
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Italy’s governing parties disagree over an amendment to the 2019 budget law that would increase the tax on more polluting combustion engines, while low-emission vehicles would benefit from subsidies of up to 6,000 euros.
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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.
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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.
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