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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. GM said it would cut the price of the Blazer by about USD 5,600 to USD 6,500 based on the trim level. Treasury on Jan. 1 made many EVs ineligible.

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Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

Indonesian miners and smelters are still making good margins despite the price drop linked to higher nickel processing, and will benefit further from the shift as lower prices support the country’s battery industry, a senior official said on Thursday. “Profitability for miners, smelters, is still okay,” he said.

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Scrap your old car, save big on your next buy: Major offers announced across India – ET Auto

Baua Electric

Under this offer, there will be a concession in motor vehicle price or road tax of up to 25% when a customer goes to buy a new personal vehicle after scrapping their old one. When it comes to private vehicles, 12 states are providing a 25% discount on road tax. For commercial vehicles, the concession is 15%.

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Ola, Uber roll out subscription-based plans for auto drivers – ET Auto

Baua Electric

Over the last few weeks, Ola has rolled out the subscription model for its auto-rickshaw drivers in some top markets including Delhi-NCR, Mumbai, Bengaluru and Hyderabad, while Uber has launched the same in six cities starting with Chennai, Kochi and Visakhapatnam, a person aware of the matter said.

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Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. For example, vehicles priced above INR 20 lakh are eligible for a discount of INR 50,000.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

That’s why it’s no surprise that the high sticker price of many electric vehicles, particularly Tesla models, has long been one of the main deterrents for people looking to buy a new car, truck, or SUV. Any unused funds are not available as a refund or to be used on the following year’s taxes. Which brings us to Tesla. Not anymore.

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NITI Aayog bats for incentives for LNG-fuelled commercial vehicles – ET Auto

Baua Electric

Proposing a host of fiscal incentives, the Aayog called for reducing the value added tax (VAT) on sale of LNG to heavy duty vehicles to 5% and bringing the retail LNG price under the ambit of the 5% GST bracket. “It “This can generate initial demand for the LNG project and provide sustainability to the retail LNG outlets,” it said.