article thumbnail

Proposed scrappage scheme meets criticism

Green Cars News

The scrappage scheme is only a few days old here in the UK and it has already come under fire. By contrast it states, the Congress scheme is weaker - you can simply buy a new SUV with only slightly better gas mileage and qualify for a $3,500 boost. What do you think of these proposals and the scrappage scheme in general?

article thumbnail

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

The budget mainly focuses on hydro and all types of renewable energy and to control the Covid-19 pandemic and recovering the economy. He said that electric SUVs were luxury items, and the government needed to increase revenue to fight the Covid-19 pandemic. Also read related article: Union Minister announces Vehicle Scrappage Policy

Nepal 103
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Europe; Russia influences.

2015 150
article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. per cent in July suggesting that American consumers are still nervous about their jobs and the economy.

article thumbnail

Can the UK lead the green car charge? The Green Piece

Green Cars News

Having already adjusted its road tax system to penalise the heaviest polluters and introduced congestion charges; the Government created a vehicle scrappage scheme earlier this year meant to help more motorists make green choices while boosting the automotive sector. Now it seems that its efforts have been rewarded.

article thumbnail

Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

Polk analysts believe the global economy will weather the current European sovereign debt crisis and consumers will return to showrooms around the world in 2012. The luxury segment also offers a wide variety of product options for consumers across all segments, ranging from small cars to SUVs. over 2011 volumes to 77.7 Source: Polk.

2012 199