article thumbnail

Texas considers EV tax, and EV owners are on board

Teslarati

The Texas State Legislature is considering levying a tax against EV owners to fund road upkeep and improvement, and EV owners are on board. However, that reduced cost is now being challenged by a tax proposed by Texas State Legislature members that would either tax EV owners per mile driven or yearly with a flat fee.

Texas 88
article thumbnail

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

article thumbnail

Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. What do Indian suppliers with global ambitions in the BEV segment do to thwart this aggressive posturing by the Chinese?

China 52
article thumbnail

Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

So how did this largely rural Scandinavian country become the global leader in EV adoption? In 1990, a CO2 tax was implemented and the country began to focus on establishing a greener transport system by promoting Norwegian EV production and adoption. Ever since, the Norwegian Government has sought ways to curb its emissions.

Global 83
article thumbnail

Stupid New Talking Point Against EVs: “You Need To Pay For The Roads! (That We Don’t Pay For)” — Part 2

CleanTechnica EVs

Editor’s note: Following up on my pieces about the purpose of free EV charging and why the argument that electric vehicle drivers need to pay extra taxes & fees is nonsense, here’s one more article on why the argument that electric vehicle drivers need to pay extra taxes & fees is nonsense.

Tax 128
article thumbnail

EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Diverse Market DynamicsChina's Dominance In China, EV sales are anticipated to hit nearly 10 million units, constituting almost 60 percent of the global market. Factors such as political polarization and shifts in tax credits could influence this figure. million vehicles, marking an 8 percent rise from the previous year.

article thumbnail

Uber India posts 54% increase in FY23 revenue – ET Auto

Baua Electric

Uber India’s revenue from support and services provided to Uber’s global entities in FY23 increased 52% to INR 1,977 crore, accounting for nearly three-fourths of the total. UISPL gets its revenue from multiple sources including service fees from users and drivers, through car advertisements and support services to its global parent.

India 52