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Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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BMW is Willing to Pay to Attract Customers from Other EV Brands

The Truth About Cars

BMW is hoping to take some of the shine off of Tesla’s crown with a new incentive that gives buyers a $1,000 discount to buy one of its new EVs. Cars Direct reported that the BMW 2024 BEV Conquest Program includes several other brands, including Audi, Mercedes-Benz, Polestar, Porsche, Rivian, and Lucid.

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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. The NEV purchase tax exemption, which was launched in 2014, allowed most consumers who purchase green vehicles to save about RMB 10,000 (around $1,500).

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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

percent interest with 20 percent down, Investopedia suggests a total purchase price for your shiny new car – including taxes and whatever other fees a dealer feels like charging that day – at just $16,687. In fact, I feel my headline figure of $15,000 is actually generous, since the $16,687 estimate includes dealer fees and taxes.

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Audi EV fightback! Busiest period ever for German brand as it targets electric cars from BMW, Mercedes-Benz, Volvo

EV Central

Audi’s EV fightback kicks off now with the triple motor SQ8 e-tron and upcoming Q4 e-tron that’s primed to take advantage of the generous fringe benefits tax (FBT) exemption. Mannering sees the Q6 e-tron as a crucial model for the brand, one that could tempt some currently buying a diesel- or petrol-powered Q5 to step into an electric car.

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Best lease-to-own EV deals

Baua Electric

2024 Honda Prologue (Source: Honda) Still think that buying a new car is always much cheaper than leasing if you’re playing for keeps? Assuming a 9% state tax rate on all payments as well as on the $18,500 lease incentive results in a total after-tax lease-to-own cost of $34,063.

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BMW-Sixt car-sharing JV DriveNow launches in London; 30 i3s coming in 2015

Green Car Congress

DriveNow, the carsharing joint venture between the BMW Group and Sixt SE ( earlier post ), has launched its flexible carsharing service in London. Initially, 210 BMW 1 Series and MINI Countryman models will be available for spontaneous hire. DriveNow is a carsharing joint venture by BMW Group and Sixt SE.

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