Remove Electric Cars Remove Financing Remove Fuel Tax Remove Range
article thumbnail

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5

Tax 186
article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

Current trends suggest that barriers to EV adoption such as price, range, selection and charging-time will continue to diminish, as costs come down and technology improves. Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles. This works out to 0.05

article thumbnail

FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

VW Confirms Next Generation EV Coming in 2026 – VW confirmed more details of its Project Trinity flagship electric car, including a launch date of 2026. President Biden hopes to build 500,000 new electric car chargers by 2030. ” – March 7, Business Insider via Yahoo Finance.

GM 52