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Thousands of auto dealers sign up to offer new on-the-spot tax credit

Electrek

New year, new rules: As of January 1, things are about to get a little easier when it comes to getting your federal tax credit for buying an electric vehicle. And auto dealers are signing up in droves with the IRS. more… The post Thousands of auto dealers sign up to offer new on-the-spot tax credit appeared first on Electrek.

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Norway’s Auto Sales Hit 60 Year Low After Tax Increases

CleanTechnica EVs

share of the auto market in January, down from 90.5% The January auto market was highly anomalous due to the new year’s introduction of tighter auto emissions and tax increases, which had pulled sales forward into December. Overall January auto volumes were just 1,860 units, […] year on year.

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Tesla India might still get lowered import taxes

Teslarati

The Indian government is reportedly finalizing a new import tax policy that might encourage Tesla and other foreign electric automakers to invest in India. According to people familiar with the matter, the Indian government is thinking of offering lowered import taxes to freight electric vehicle (EV) manufacturers.

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Tax credits are good, but on-the-spot tax credits are really killing it

Electrek

The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government.

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China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption

CN EV Post

The post China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption appeared first on CnEVPost. The first of the measures, developed by 17 government departments, is to support the purchase and use of NEVs. For more articles, please visit CnEVPost.

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South Korea’s Yoon pledges to extend tax benefits for chip investments – ET Auto

Baua Electric

In January 2023, the government unveiled a plan to offer large tax breaks to semiconductor companies investing at home, which are set to end this year. South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Several automakers like Toyota, who have been selling hybrid cars in India have been lobbying for a tax cut on the hybrid vehicles in India.

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