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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 […]

US Congress could raise gas taxes in 2014

US Congress could raise gas taxes in 2014

With the US Congress facing a major shortfall in transportation funding next year, Congress is eying a boost in the federal gas tax to make up the difference. Rep. Earl Blumenauer announced a proposal, also called The Update, Promote, and Develop America’s Transportation Essentials (UPDATE) Act, that would phase in […]

State Senate Approves Tax Cut For New Cars

State Senate Approves Tax Cut For New Cars

Today, February 6th, the state Senate approved the legislation according to which sale tax of new cars and boats will be collected in Michigan by exempting the allowance for trade-ins. Sen. Dave Robertson says that the new legislation will increase sales of vehicle and watercraft in Michigan and will become […]

Hurry – Hybrid and diesel tax credits are expiring

Hurry – Hybrid and diesel tax credits are expiring

If you’ve been putting off buying a hybrid or diesel vehicle, don’t wait any longer. The tax credits are set to expire December 31 of this year. “Hybrid, diesel and compressed natural gas (CNG) vehicles purchased after Dec. 31, 2010, will no longer be eligible,” said Carroll Lachni of Edmunds.com. […]