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UP stands firm on hybrid car tax waiver: Report. What effect will it have on EVs

Baua Electric

By: HT Auto Desk | Updated on: 13 Aug 2024, 11:00 AM Uttar Pradesh has been one of the the main contributors when it comes to sales for India's automotive market. In July 2024 the state introduced a tax … Uttar Pradesh has been one of the the main contributors when it comes to sales for India’s automotive market.

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Tesla India might still get lowered import taxes

Teslarati

The Indian government is reportedly finalizing a new import tax policy that might encourage Tesla and other foreign electric automakers to invest in India. According to people familiar with the matter, the Indian government is thinking of offering lowered import taxes to freight electric vehicle (EV) manufacturers.

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Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Hybrid cars have been touted as the bridge to fill in the gap between internal combustion engine technology and electric propulsion tech.

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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Tata Motors to manufacture hybrid cars in India? Top official drops a hint

Baua Electric

By: HT Auto Desk | Updated on: 02 Aug 2024, 13:42 PM Tata Motors leads the electric vehicle segment in India with as many as four models including the Punch EV and Nexon EV. Currently, carmakers like Toyota Motor, Maruti Suzuki and Honda Cars offer hybrid vehicles. Will Tata Motors build hybrid cars?

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Kentucky electric cars now pay two taxes where gas cars only pay one

Baua Electric

Photo by Mobilus in Mobili on Flickr As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. At the Kentucky Public Service Commission’s approved rate of 25c/kWh , this represents a 12% or 24% tax.

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Biden Administration mulls over reprieve from EV tax credits for automakers

Teslarati

The reprieve would concern the eligibility of electric vehicles for the IRA’s tax incentives. One of the biggest concerns about the IRA’s requirements for EV tax credit eligibly regards battery packs, cells, and the materials used to manufacture them. The Teslarati team would appreciate hearing from you.