Baua Electric
JANUARY 17, 2024
Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. This countered the appeal from Toyota for lowering the tax on hybrid cars.
Green Car Congress
MAY 4, 2020
New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe. United Kingdom ?
Teslarati
JANUARY 2, 2024
electric vehicle (EV) tax credit have taken effect, significantly limiting the number of qualifying options in 2024. Tesla is one of many automakers that saw some of its vehicles excluded at the turn of the new year, and only a handful remain across the industry. New rules for the U.S. What are your thoughts? Did I miss any EV models?
Baua Electric
JANUARY 19, 2024
Tata Motors, India’s leading electric car manufacturer, is actively lobbying against potential tax cuts on hybrid vehicles in India, asserting that hybrids are more environmentally harmful than pure electric vehicles (EVs).
Baua Electric
MAY 10, 2024
Taking a dig at the push for hybrid vehicles, Tata Motors’ Group CFO, PB Balaji, cast doubt on the technology’s environmental benefits, suggesting it’s primarily driven by tax breaks rather than a commitment to clean mobility. Apart from Maruti Suzuki, automakers including Toyota and Honda also offer hybrid vehicles.
Teslarati
APRIL 17, 2023
General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The all-electric pickup truck is scheduled to launch by 2024.
The Truth About Cars
MAY 8, 2024
Hyundai Motor reportedly plans on using preexisting investments slated for its new EV facility in Georgia to pivot toward hybrid vehicles, as all-electric models haven’t seen the kind of adoption rates that would warrant an entire factory — let alone the plant that will become its largest outside of South Korea.
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