article thumbnail

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.

Motor 284
article thumbnail

Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

Car dealerships will advise you on the frequency of maintenance needed at the time of purchase. With more users gearing towards purchasing electric vehicles, a surge in demand has drastically hit the electric automobile industry. You can now purchase an electric vehicle at a fair price due to the existing tax credits.

article thumbnail

Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year. What is the mystery behind it?.

Asia 97
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

article thumbnail

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).

article thumbnail

Exploring the adoption of EVs in the US, Europe and China; charging scenarios and infrastructure

Green Car Congress

Between 2009 and 2011, Chinese buyers purchased 13,000 EVs and PHEVs—more than U.S. The automobile industry has said that without additional government subsidies they can only sell 600,000 electric cars by 2020 at best. sales but well below the run-rate needed to reach the 2015 target. percent of total car sales.

Europe 244
article thumbnail

Mercedes-Benz to launch four new electric vehicles in few months

Electric Vehicles India

With a market share of roughly 44%, Mercedes-Benz is the market leader in India’s luxury automobile industry with sales of about 38,000 units in 2022. Four existing EVs of the German Automotive Corporation Comparing imported CBU cars to the imported CKD cars, India levies lower taxes on the latter.