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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ?

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CT legislature passes highway usage tax on heavy trucks

Green Car Congress

The Connecticut General Assembly has passed HB 6688 , a bill that imposes a highway use tax (HUT) on every carrier for operating, or causing to be operated, certain heavy, multi-unit motor vehicles (Class 8-13) on any highway (i.e., Revenue from the tax is directed to the Special Transportation Fund (STF).

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Lordstown Motors cuts 2021 production estimate for electric pickup to at best 50% of prior expectations

Green Car Congress

In its report of first quarter 2021 financial results and outlook, Lordstown Motors, a startup developing electric light duty trucks focused on the commercial fleet market ( earlier post ), said that the expected production of its Endurance full-size electric pickup in 2021 will be limited—at best 50% of prior expectations.

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UK chooses to axe electric vehicle grant programs as popularity skyrockets

Teslarati

Effective immediately, the United Kingdom has announced it will no longer supply EV grants for most consumer purchases. The grant system, launched in 2011 as part of a system to kick start the EV sector in the UK, has ended for most consumers, only leaving grants available for vehicles in niche and commercial uses.

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Tesla’s tax break request in India gets stern rejection from official

Teslarati

Tesla’s request for tax breaks for imported electric vehicles in India was recently met with a stern rejection, with Vivek Johri, chairman of the Central Board of Indirect Taxes and Customs, noting on Thursday that other companies are adapting to the country’s current rules without any issues. . and Tata Motors Ltd.,

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EVs sold and registered in Uttar Pradesh between October 14, 2022 and October 13, 2025 will be tax-free

Electric Vehicles India

Earlier this week, the Uttar Pradesh government issued a long-awaited Government Order (GO) paving the way for the purchase of electric vehicles in the state to be exempted from road tax and registration fees. Thus, EVs are vehicles with electric motors powered by batteries, ultra-capacitors, or fuel cells. 15,000 to Rs.20,000

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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.