Remove Buy Remove CO2 Remove Purchase Remove Tax
article thumbnail

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.

Sale 102
article thumbnail

UK has reached 1 million BEVs, but incentives still recommended: SMMT

Teslarati

The accomplishment comes without any government incentives for consumers, though the group notes that lowering value-added taxes (VAT) on BEV purchases could help reach decarbonization goals even more quickly, helping to drive sales up for the individual consumer. “Market growth is currently dependent on businesses and fleets.”

article thumbnail

Lessons From Norway’s Journey To Becoming The Global Leader In EV Adoption

Wallbox

Norway leads electric vehicle (EV) adoption, boasting the highest share of new EV purchases worldwide. To learn from its experience, let’s look back through Norway’s 30-year journey to becoming an EV giant: it all started with a mission to curb the country’s CO2 emissions. Curbing CO2 Emissions with Electric Transport.

Global 83
article thumbnail

This is How the COVID-19 Pandemic Affect The Global EV Market

Get Electric Vehicle

The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. One of the key drivers driving the market’s growth is favorable government policies and funding in the form of incentives and grants, tax rebates, and other non-financial advantages such as carpool lane access.

Market 52
article thumbnail

Used car CO2 bandings changed

Green Cars News

As more car buyers seek to make environmental choices when purchasing a used vehicle, HPI Limited has adjusted its CO2 bandings in order to help buyers make more informed choices. The new bands are as follows: A - CO2 emissions below 100g/km. B - 101-110g/km. C - 111-120g/km. D - 121-130g/km. E - 131-140g/km. F - 141-150g/km.

CO2 39
article thumbnail

ITF analysis finds that societal costs for electric cars and vans range from €7K to €12K more than fossil-fueled equivalents

Green Car Congress

The ITF calculation ignores taxes on fuel (as from society’s point of view these are a transfer rather than a net cost); includes subsidies; and accounts for air pollution impacts. Even without the €5,000 purchase subsidy, people travelling longer daily distances would likely already benefit from an electric car. counterparts.

article thumbnail

New emission labelling receives backing

Green Cars News

Plans to extend the carbon dioxide (CO2) and fuel economy labelling scheme to used cars has been welcomed by HPI. It has actively been involved with the Department for Transport, the Vehicle Certification Agency and the Low Carbon Vehicle Partnership in launching the new HPI used car CO2 certificate that comes with every HPI check.