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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. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

Motoring 284
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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The Government of India is continuously making efforts to bring the electric vehicles revolution in India through various initiatives be it providing exemption of tax on electric vehicles or providing incentives under the FAME II (Faster Adoption and Manufacturing of Hybrid and EV). per cent growth.

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HEVs vs EVs: Suzuki’s roadmap suggests HEVs lead in energy efficiency in India until 2030 – ET Auto

Baua Electric

The SMC view comes just when Maruti, along with some other car makers, has been pushing for a lower tax rate on HEVs; EVs are already bracketed in the lower slab of 5%. HEVs currently attract tax at the rate of 28 to 43% tax, depending on vehicle length and engine capacity.

India 52
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Trump promises 100% tariff on Mexico-built Chinese cars—EV or not

Baua Electric

In a Saturday campaign speech in Dayton, Ohio, Trump said that over a period of 30 years Mexico has taken away 34% of the automobile manufacturing business in the U.S. Earlier this month three Senate Democrats from car-manufacturing states warned of “artificially low-priced Chinese EVs flooding the U.S.

Mexico 52