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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 Nepal aims to phase out petrol-diesel vehicles with electric vehicles by 2031. .

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Reducing the cost of electric vehicles

Electric Vehicles India

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. Drop-in battery price will result in cost reduction of electric vehicles.

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Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales – ET Auto

Baua Electric

As many as 450-500 automated vehicle testing stations and 50-75 registered vehicle scrapping facilities were targeted to be set up by private firms in partnership with states in the mid-term. The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles.

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

Green Car Congress

However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

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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. In other efforts to support the struggling auto industry, the President said that: The government will back the warranties on vehicles from GM and Chrysler. President Obama.

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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 improving trend is caused by the expected benefits to air quality of stricter emission standards in new vehicles as they replace older, poorer performing vehicles. 1B – Ultra low emissions vehicles. 27M – Clean Bus Technology Fund and Clean Vehicle Technology Fund. Source: UK plan for tackling roadside NO 2.

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Will you save money if you buy a green car? The Green Piece

Green Cars News

With millions of motorists across the country continuing to reel from the global economic crisis, predictions that petrol prices could hit 120p a litre by the end of the year are having a significant impact on our vehicle buying habits. Also factor in the savings that could be made on road tax, congestion and even car insurance.