article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,

article thumbnail

Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

Green Car Congress

At present, 17 of the 27 EU Member States levy CO 2 -related taxes on passenger cars, and 15 governments provide tax incentives for electrically chargeable vehicles, according to the newly published European Automobile Manufacturers’ Association (ACEA) Tax Guide 2010. Overview of EU CO 2 -based taxes.

Tax 268
article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ?

Motoring 284
article thumbnail

South Africa Introduces Tax Incentives to Encourage Local Production of Electric Vehicles

CleanTechnica EVs

The automobile manufacturing sector is a critical pillar of South Africas economy. manufacturing and 2.1% continued] The post South Africa Introduces Tax Incentives to Encourage Local Production of Electric Vehicles appeared first on CleanTechnica. The countrys automotive industry contributes 5.3%

article thumbnail

National Academies issues interim report on overcoming barriers to PEV deployment

Green Car Congress

It also considered barriers that automobile manufacturers and dealerships face in promoting the adoption of PEVs. Some research has shown that purchase rebates can be more effective than income-tax credits, the committee noted. Dealerships are independent franchises that are not owned or operated by the automobile manufacturers.

Plug-in 312
article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

Sales of China’s domestically-made automobiles totaled 1.09 percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. million units in July, up 63.57

China 218
article thumbnail

JAMA Chairman Says Meeting Japan Low Carbon Vehicle Targets Will Require Ongoing Government Support

Green Car Congress

Meeting Japan’s goal of boosting sales of hybrid and other low-carbon vehicles to 20-50% of the overall domestic total by 2020 will be difficult to achieve without government support, according to Japan Automobile Manufacturers Association Chairman Satoshi Aoki. Aoki is also chairman of Honda Motor Co.

Japan 170