Remove tag Subsidies
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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Some parts of Europe, like Germany, ended subsidies on electric cars. Hyundai INSTER EV teaser image (Source: Hyundai Motor) Hyundai adds Inster EV and new IONIQ model in Europe The new low-cost Inster EV is a sub-compact electric car based on its gas-powered CASPER in Korea. The new IONIQ EV will join the IONIQ 5 and IONIQ 6.

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Report: Hyundai to introduce new fuel-cell vehicle in 2018 at half the price of Tucson Fuel Cell

Green Car Congress

The Korea Herald reported that Hyundai Motor plans to unveil a new fuel-cell electric vehicle with a price tag of 60 million won (~US$53,900)—around half the price of the current Hyundai Tucson Fuel Cell. With Korean government subsidies of 27.5 million won (~US$30,100).

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Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions

Green Car Congress

It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.

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JAMA Chairman Says Meeting Japan Low Carbon Vehicle Targets Will Require Ongoing Government Support

Green Car Congress

Aoki is also chairman of Honda Motor Co. The sales share of hybrid and other next-generation vehicles rose to slightly above 10% in fiscal 2009, but that was due to subsidies and tax breaks,” Aoki said at a regular press conference. Tags: Brief.

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Nissan Introduces Diesel X-Trail with Automatic Transmission

Green Car Congress

Nissan Motor Co., The Clean Diesel 20GT model is fully exempt from the automobile acquisition tax and the automobile weight tax, and is eligible for government subsidies (a maximum of ¥210k/ US$2,400) intended to promote the introduction of clean diesel cars. Tags: Brief. Earlier post.)

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OPINION: Musk’s distaste for Biden incentives would even EV playing field

Teslarati

Tesla CEO Elon Musk had an idea during an interview last evening with the Wall Street Journal: Get rid of government incentives for everyone, including electric vehicles, gas, and oil subsidies. However, other companies, like Ford, General Motors, and others, who are working to transition to EVs, are getting the attention.

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Hybrid Sales Falter in S. Korea while SUV Sales Climb

Green Car Congress

“Despite large subsidies and tax incentives, the sales of hybrids are weaker than originally expected. “The relatively high price tags of the models and the recent recalls of Toyota’s hybrid cars seem to be negatively affecting consumer sentiment toward the new type of vehicles. Tags: Brief.

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