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. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. Also read related article: Union Minister announces Vehicle Scrappage Policy .

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Car prices to fall as scrappage ends?

Green Cars News

According to the firm, some car manufacturers will reduce their prices in a effort to increase sales and counteract a fall in registrations as the Scrappage Scheme ends this month. Tags: Green credentials fall Glass guide new cars price scheme scrappage tax New car prices are set to fall-that’s the prediction from leading car data providers, Glass’s.


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Scrappage scheme scrap ends

Green Cars News

Carmakers are back on board the scrappage scheme following yesterday’s fiasco which saw the like of Ford and Honda suspend their participation in the scheme while issues over VAT payments were cleared up. According to the Society of Motor Manufacturers and Traders (SMMT), the final details regarding the scrappage incentive scheme have now been resolved, with the full backing of car manufacturers. Other ‘administrative issues’ over tax liabilities have now also been clarified.

Drivers can go green with scrappage scheme

Green Cars News

The environmental benefits of the scrappage scheme is certainly open for debate - but drivers that pick up the ultra-green new SEAT Ibiza SC Ecomotive will certainly be doing their bit for the cause. SEAT UK’s head of marketing Steve Robertson is confident that the scrappage scheme, which was introduced yesterday, will be good news for the company.

Proposed scrappage scheme meets criticism

Green Cars News

The scrappage scheme is only a few days old here in the UK and it has already come under fire. In Germany the credit has enticed customers to buy vehicles such as the Ford Ka, which achieves up to 56mpg, because it is part of a larger government plan that also includes tax based on carbon emissions. What do you think of these proposals and the scrappage scheme in general? Tags: Green cars Latest news cash for clunkers scrappage scheme

Drivers urged to take advantage of the car scrappage scheme if they can

Green Cars News

Motorists who have an old car could benefit from the Government’s car scrappage scheme, if they have the money to spare. To qualify for the proposal, which gives the car owner €1,500 off the Vehicle Registration Tax (VRT) share of a new price car, they must have a vehicle that is aged 10 years or [.].

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Is a green tax blitz justified? The Green Piece

Green Cars News

So would these tax hikes linked to the amount we pollute be justified? Is a green tax blitz justified? A report unveiled by the Green Fiscal Commission, which includes the Government’s top environmental adviser Lord Turner, as well as Conservative and Liberal Democrat politicians and Environment Agency chairman Chris Smith, has outlined a host of proposals that would heap an additional £150billion in taxes on households and businesses ( see article ).

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UK New Car CO2 Emissions Drop by Biggest Ever Margin in 2009

Green Car Congress

Average new car CO 2 emissions in the UK fell by their biggest ever margin last year with the impact of recession and the Scrappage Incentive Scheme boosting the continued influence of technological advances made by vehicle manufacturers, according to the annual New Car CO 2 Report from the Society of Motor Manufacturers and Traders (SMMT).

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Scrap your car for free bus travel

Green Cars News

A bus company on the Isle of Wight has launched its own version of the car scrappage scheme, offering motorists free travel on its buses for a year in exchange for their old banger. The island’s bus operator Southern Vectis has introduced the ‘Really Green Car Scrappage Scheme’ that will allow residents to swap an old car, scooter, moped or van for a ticket to use their bus network for 12 months. The costs are often overlooked until it’s time to tax MOT or insure the car.

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More details on cash for guzzlers programme

Green Cars News

The vehicle scrappage scheme may be in full swing here in the UK, but in the United States there remain a number of questions shrouding the proposed ‘cash for guzzlers’ programme. This will ask them to certify that they will abide by the programme’s rules and ask them to provide a tax ID and financial institution information to receive payments. - Tags: Green cars Latest news cash for guzzlers cash for guzzlers explained vehicle scrappage scheme

Tesla Model 3 Europe’s best-selling pure EV in February in its first full month on the market

Green Car Congress

This was largely because February marked a month of uncertainty for many of the bigger European markets, such as Spain, where registrations fell by 10% amongst political turmoil, and the Netherlands, where a change in tax on pure electric vehicles contributed to the 15% drop in overall registrations. Conversely, registrations were up by a huge 36% in Romania, due to the Government’s scrappage scheme in Q4-18, which led to an increase in vehicle deliveries in Q1-19.

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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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Deloitte study concludes mass adoption of EVs in Europe is some distance away

Green Car Congress

This means that incentives such as tax reductions and exemptions will be very important to the purchase decision. Just like the Government supported the highly successful car scrappage scheme, they should now be turning their attention to electric vehicles. A new study by Deloitte, the business advisory firm, concludes that despite rising fuel prices, the mass adoption of electric vehicles (EVs) in Europe is still some distance away.

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New UK Report Welcomes Moves to Promote Green Cars but Stresses Importance of Policies to Reduce Car Use

Green Car Congress

It also discusses fuel taxes and prices, which affect both travel and vehicle choices. There is no point forcing car makers to produce low carbon options if no-one will buy them, so it is right that ambitious regulation is combined with grants and other incentives—including taxes on gas guzzlers—to deliver a transformation of the car fleet. Relatively low elasticity of demand for fuel suggests that the impact of fuel tax increases may be limited in the short run.

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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 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.

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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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Green car incentives coming to Israel

Green Cars News

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. Currently, purchase tax on many car models is 77 per cent of the car’s imported value - this percentage is expected to rise to 92 per cent.

New Corsa slashes emissions

Green Cars News

Available in Life and Club trims, the Corsa ecoFLEX starts at just £11,295, though buyers with qualifying vehicles can use the joint Vauxhall/Government ‘scrappage’ incentive which starts today, to obtain a £2,000 discount, reducing this price to £9,295. And since the Corsa ecoFLEX attracts only 13 per cent Benefit in Kind tax for company drivers, and a mere £35 VED annually, it’s set to be one of the cheapest cars to run on the market.

The Budget 2009 - working towards sustainable transport

Green Cars News

Increasing company car benefit in kind tax in the future for all but the lowest carbon cars. Introducing a vehicle scrappage scheme. From April 2010 anyone buying a new car will pay a different rate of vehicles tax in the first year of registration. Company Car Tax. The company car tax thresholds will tighten further with effect from 6th April 2011 by 5g per kilometre in addition to the 5g change announced last year, which takes effect from 6th April 2010.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

It has established itself as a firm leader in the green car race thanks to the success of the Toyota Prius and Japanese government ecological perks including tax breaks have helped ease the drop in sales with the Prius topping the sales charts in its home country for two successive months. Since the onset of the global economic crisis most of us have been cutting back to save cash wherever we can.

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Can the UK lead the green car charge? The Green Piece

Green Cars News

Having already adjusted its road tax system to penalise the heaviest polluters and introduced congestion charges; the Government created a vehicle scrappage scheme earlier this year meant to help more motorists make green choices while boosting the automotive sector. There are tax breaks for electric cars, as well as freedom from congestion charges and even free parking in electric hotspots such as Westminster.

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

Green Cars News

Certainly the Government’s scrappage scheme has attracted new car buyers who only have the money to buy some of the cheaper new vehicles. Also factor in the savings that could be made on road tax, congestion and even car insurance. Drivers are increasingly letting their wallet rule their car buying decisions with more motorists than ever before opting for a green car over a conventional alternative. However, will green cars really save you money? The Green Piece. September 15, 2009.

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