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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.

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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.

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US Conference of Mayors Adopts Resolution Calling on Federal Government to Support and Expand Natural Gas Vehicle Efforts

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The US Conference of Mayors adopted a resolution at its 78 th Annual Meeting calling on the Federal government to accelerate its support for natural gas vehicles. The resolution calls for the following specific initiatives: Enact the New Alternative to Give Americans Solutions (NAT GAS) Act (S.

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

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Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Without taking into account incentives and subsidies, taxes on electric vehicles are typically more expensive than gas cars—an average of $183 more per year.

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Hawaii State Legislature Raises Tax on Petroleum from $0.05 to $1.05 per Barrel

Green Car Congress

The Hawaii State Legislature has reported out of conference HB1271 , which boosts what had been a state environmental response tax on petroleum of $0.05 per barrel to an environmental response, energy and food security tax of $1.05 Breakdown of the allocation of the proceeds of the tax hike include: $0.05 per barrel.

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

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SEAT President Luca de Meo also announced at the company’s annual media conference that the CUPRA Formentor, the new CUV that was unveiled at the Geneva Motor Show, will be built at the Martorell factory. Profit after tax went up to €294 million—4.6% The CUPRA Leon and the CUPRA Formentor will also have a plug-in hybrid variant.

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

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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.,

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