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Europe: the Netherlands to lose plug-in hybrid prowess

Europe: the Netherlands to lose plug-in hybrid prowess

The automakers have been feeding off the Dutch-plug-in hybrid boom recently, but the government will close the gap starting with 2016 as the tax deal for company car drivers will be reduced. Across the world, sales of green vehicles – such as hybrids, plug-in hybrids and electrics – have been […]

Germany could axe its plans for boosting electric car sales

Germany could axe its plans for boosting electric car sales

The country’s federal government had to put on hold its upcoming strategy to buoy the deliveries of batter-operated electric cars as the planned corporate tax breaks were not supported by all state governments, fearful their tax incomes would take a hit. The Berlin government of conservative Chancellor Angela Merkel has […]

Germany needs new ideas to reach electrification goals

Germany needs new ideas to reach electrification goals

As Governments in Europe all seek more electric car sales to push their goal of lowering fuel consumption and implicitly tame climate change by cutting life-threatening emissions, they also need to think outside the box. Even though some countries in Europe already offer generous and in some places massive subsidies, […]

Report – India to stop offering tax breaks to automakers

Report – India to stop offering tax breaks to automakers

According to a senior government official, India has opted to stop awarding tax breaks to carmakers beyond the current expiration date, set for December 31. The country’s government has opted to cease the incentives because it needs to manage its limited financial resources before the end of the current fiscal […]

Fiat deal with Luxembourg seen illegal by EU

Fiat deal with Luxembourg seen illegal by EU

According to a statement from the European Commission, a tax break accord negotiated between a subsidiary of the Italian carmaker Fiat SpA and Luxembourg could be in fact an illegal form of state assistance. Inside a 33-page letter sent from the offices of EU Competition Commissioner Joaquin Almunia to the […]

US: lawmakers want fund boost for highways and bridges

US: lawmakers want fund boost for highways and bridges

The US Highway Trust Fund – which finances road and bridge projects – is set to receive a short-term cash boost, while Congress discusses long-term plans, according to the Senate Finance Committee’s two top lawmakers. According to Committee Chairman Ron Wyden, a Democrat and the panel’s top Republican, Orrin Hatch, […]

Singapore caps luxury and supercar sales

Singapore caps luxury and supercar sales

After the government instituted measures that would tackle the nation’s growing social inequality, sales of supercars in Singapore have tumbled by up to 90 %, registering their lowest levels in years. As carmakers including Maserati, Lamborghini and McLaren (who just last year opened its first showroom there) flocked to the […]