Remove Conference Remove Congress Remove Electrical Remove Tax
article thumbnail

BMW CEO urging tax subsidies for electric vehicles in Germany to bolster sales

Green Car Congress

BMW CEO Norbert Reithofer is calling for tax subsidies in Germany to help meet the federal government’s target of having 1 million electric cars on the road in eight years. But last year, we sold just 2,000, including 100 at retail,” Reithofer said on Thursday at the “Handelsblatt” annual conference in Munich.

Tax 250
article thumbnail

SEAT to launch 6 electric and plug-in hybrid models, develop smaller version of MEB for lower-cost EVs

Green Car Congress

SEAT, a member of the Volkswagen Group, presented its electric strategy which, until the beginning of 2021, includes six electric and plug-in hybrid models. The goal of the new platform is to develop affordable electric vehicles, with an entry level price below €20,000. Profit after tax went up to €294 million—4.6%

Plug-in 207
article thumbnail

Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

Purchase 321
article thumbnail

U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.

Chicago 150
article thumbnail

Valeo acquires electric supercharger business from Controlled Power

Green Car Congress

With this move, Valeo becomes the first automotive supplier to offer its customers a range of electric superchargers. Unlike exhaust-driven turbochargers, electric superchargers are driven by an electric motor. Highly efficient at low engine revolutions, electric superchargers make it possible to downsize engines.

Power 326
article thumbnail

Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

In a talk at the opening plenary of the Electric Drive Transportation Association (EDTA) conference in Washington, DC, former New York Governor George Pataki called for a 40% market penetration of electric drive vehicles in the US by the end of the decade. ” Tags: Batteries Electric (Battery) Policy.

article thumbnail

Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Essentially, said Tesla CEO Elon Musk in a conference call describing the product, the new approach allows one to buy a new Model S for no money down net of the tax credit and as low as about $500 net out of pocket cost per month, depending upon the model, specific state incentives, and personal parameters (e.g.,

Financing 210