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

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64

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Reducing the cost of electric vehicles

Electric Vehicles India

MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari. Reducing the cost of electric vehicles.

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

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. In Mexico, auto sales stalled through the first seven months of 2014, causing some concern that new tax policies implemented at the beginning of 2014 were hurting auto demand growth; however, motivated by incentives to help spark demand, light vehicle sales grew throughout the second half of the year.

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

If they and stakeholders are unable to reach an agreement, we can’t justify additional tax dollars to keep Chrysler in business. The government is accelerating its efforts through consumer and lending initiatives and working with auto finance companies to increase the flow of credit. The Internal Revenue Service is beginning a campaign to alert consumers of a new credit that will enable the deduction of the cost of any sales and excise taxes for a new car purchased this year.

2009 150
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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

The government will also issue a consultation in the autumn to gather views on measures to support motorists, residents and businesses affected by local plans—such as retrofitting, subsidized car club memberships, exemptions from any vehicles restrictions, or a targeted scrappage scheme for car and van drivers. The UK Government unveiled its new plan to reduce roadside nitrogen dioxide (NO 2 ) concentrations in the shortest amount of time.

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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

Scrappage schemes . The OECD has conducted analysis on the components of effective ‘scrappage schemes’. Role of public and private sector fleets – including using the tax system . Drive Electric Submission: Emissions Reduction Plan Discussion Document. 24 November 2021 .

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Green car incentives coming to Israel

Green Cars News

The eagerness to reward green car buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters. It is expected that the cars with the highest fuel consumption levels, such as SUVs, will face increased taxes and duties. Meanwhile, there will be discounts for people who buy hybrid cars and a scrappage scheme style payment for those that get rid of older cars.

Israel 39