tag Subsidies Tax Related Topics 
Green Car Congress
MAY 27, 2010
The Swedish National Audit Office (Riksrevisionen) has begun a review of the tax exemption for biofuels, with the results to be published in 2011. Sweden has striven to increase the share of biofuels in transport, and liquid biofuels such as ethanol and biodiesel are currently exempt from energy and carbon tax. Tags: Brief.
Green Car Congress
SEPTEMBER 18, 2009
US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Of the fossil fuel subsidies, $70.2
Green Car Congress
FEBRUARY 17, 2010
For example, adding a biofuel subsidy with a consumption mandate fails to increase ethanol consumption but instead subsidizes oil consumption. A more effective policy would rely on specific taxes and subsidies targeted directly at achieving specific environmental, energy and agricultural policy goals, according to the study. —de
Green Car Congress
AUGUST 26, 2016
The Korea Herald reported that Hyundai Motor plans to unveil a new fuel-cell electric vehicle with a price tag of 60 million won (~US$53,900)—around half the price of the current Hyundai Tucson Fuel Cell. With Korean government subsidies of 27.5 million won (~US$30,100).
Green Car Congress
MARCH 8, 2010
It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.
Green Car Congress
APRIL 3, 2009
The Nikkei reports that the government of Japan is considering subsidies of up to ¥300,000 (US$2,992) for buyers of hybrids, electric vehicles, and certain gasoline- and diesel-engined cars that met emissions requirements. The government is looking to introduce the new subsidies before summer and keep them until the end of fiscal 2009.
Green Car Congress
DECEMBER 5, 2009
Hybrids have remained popular with buyers in Japan due to tax breaks and subsidies offered toward the purchase of fuel-efficient models since April, according to the Nikkei. Tags: Brief. Combined, the two dedicated hybrids accounted for 13.5% of new vehicle sales for the month.
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