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EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

The average retail price for regular gasoline in the United States on 24 May, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update. gal for several weeks.

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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.

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How China beat everybody to be international chief in electrical automobiles

Baua Electric

Inspired through all of the go made, EV makers have swarmed China with unutilized fashions, and a price cutting war has flared this future as corporations attempt to get forward of competitors. Tax Breaks: An ordinary 10% tax levy has been waived for clean-car purchases below 300,000 yuan till 2025, and can go back at 5% for 2026 and 2027.

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China automobile gross sales reduction 2.9 p.c in June as big-ticket spending falters

Baua Electric

Then again, Tesla’s percentage in China’s marketplace of natural electrical and plug-in hybrid automobiles fell to eight.8 Two days next establishing an industry-wide word to keep away from “abnormal pricing,” the China Affiliation of Car Producers (CAAM) retracted on Saturday, mentioning antitrust regulation.

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Driving Dystopia: Pickup Sales Are Probably Going to Decline in the UK

The Truth About Cars

What I assumed would be a quick chat quickly devolved into my being educated on British tax codes, especially the benefit-in-kind (BIK) taxes applied to any items of value provided to employees. For corporate automobiles that also see private use, benefit-in-kind taxes are calculated as a perk on top of the base salary.

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Tesla requests PM Modi to cut import taxes on electric vehicles 

Electric Vehicles India

Tesla requests PM Modi to cut import taxes on electric vehicles . Tesla Inc urged the Prime Minister’s Office to cut down the import taxes on electric vehicles before it enters the market. Tesla wants to start selling imported cars in India this year but it says taxes in India is very high among the highest in the world.

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Electric vehicles Prices May Drop Soon, and Here’s Why

Get Electric Vehicle

There seem to be significant advancements in technology and performance for new electric automobiles every week.  What Drives The Price Drop. The increased competition in this market is a major factor in prices falling. Then, companies attempt to lower prices to get more customers to buy electric vehicles. #