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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).

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Michigan Adds Another $220M in Tax Incentives for Advanced Battery Companies

Green Car Congress

Granholm signed legislation that increases tax incentives for companies that develop and manufacture advanced batteries. The new law adds an additional $220 million in refundable tax credits for companies involved in the development and application of advanced-battery research, engineering, and manufacturing.

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OECD paper presents and analyzes policies and programs to foster market growth of green cars

Green Car Congress

Given the specific barriers, suggests author Andrea Beltramello, there is a role for government to support the development and diffusion of green vehicles, including through policies to strengthen the markets for green cars. —“Market Development for Green Cars”. Today, the OECD has 34 member countries.).

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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

Green Car Congress

Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. Power and Associates estimates combined global sales of hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and battery-electric vehicles (BEVs) will total 5.2 Click to enlarge.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

In 2010, the city converted 15 Toyota Prius hybrids to plug-in hybrid electric vehicles (PHEVs). Most recently, the city purchased 27 Nissan LEAF battery electric vehicles (BEVs) and has plans to steadily increase that number over the coming years. Cities Electric (Battery) Fleets Plug-ins'

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UK to invest $841M from 2015-2020 to boost ultra low emission vehicle industry

Green Car Congress

The government will invest £100 million (US$168 million) in research and development in ULEV, with the intention of the country emerging as a world leader in the development, design and manufacture of green vehicles. Drivers pay no road tax or congestion charge on ULEV. Electric (Battery) Emissions Hybrids Plug-ins Policy'

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Deloitte study concludes mass adoption of EVs in Europe is some distance away

Green Car Congress

Three-quarters of European consumers surveyed (74%) said that before they would consider purchasing an EV, they would expect it to be able to travel 300 miles between charges—much higher than what is currently available—and 67% said the battery must take no longer than two hours to charge.

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