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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. There will be exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

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Maharashtra unveils new EV Policy 2021 

Electric Vehicles India

Electric vehicles in Maharashtra will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh and the housing societies will get rebates in property tax for setting up charging stations. It has said that EVs will be exempt from road tax and registration charges. Scrappage incentive. Maharashtra EV Policy 2021 .

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Reducing the cost of electric vehicles

Electric Vehicles India

The Government on 12th May 2021 approved a Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) in the country in order to bring down prices of batteries in the country. MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.

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Scrappage scheme scrap ends

Green Cars News

Carmakers are back on board the scrappage scheme following yesterday’s fiasco which saw the like of Ford and Honda suspend their participation in the scheme while issues over VAT payments were cleared up. Other ‘administrative issues’ over tax liabilities have now also been clarified.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” million units. million units.

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The Budget 2009 - working towards sustainable transport

Green Cars News

Increasing company car benefit in kind tax in the future for all but the lowest carbon cars. Introducing a vehicle scrappage scheme. From April 2010 anyone buying a new car will pay a different rate of vehicles tax in the first year of registration. Company Car Tax. Confirming future increases in fuel duty. P11d value**.

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Is a green tax blitz justified? The Green Piece

Green Cars News

So would these tax hikes linked to the amount we pollute be justified? Is a green tax blitz justified? The 100-page report wants to double the proportion of green taxes in the current tax take from the existing level of seven per cent. Among its suggestions is a £300 tax on new cars, increasing annually to £3,300 by 2020.

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