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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 been mulling for years to put one million electric cars on ...
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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 ...
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 ...
Japan: September sales slip 0.8% on consumer tax impact
Following a first in years hike in the country’s consumption tax, Japan’s auto sales in September dropped, signaling a lingering weakness in Asia’s second-biggest car market. Last month’s total vehicle sales ...
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 ...
Nevada lawmakers moving forward with $1.3 billion tax breaks for Tesla
After we announced yesterday that Nevada lawmakers gathered on Wednesday for a special legislative session to consider tax breaks and other incentives for Tesla Motors worth around $1.3, now the ...
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 ...
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 ...
Chairman: FCA moves tax base to UK to lure investors
The Italian car maker's chairman told Italian daily La Stampa in an interview that Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the ...
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 ...

latest automotive news
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Honda S660 gets updated by Mugen
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2016 Mazda MX-5 gets priced over-seas
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