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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64 Here are some of the highlights of the budget presented by Nepal Finance Minister Yuba Raj Khatiwada.

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Reducing the cost of electric vehicles

Electric Vehicles India

MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari.

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Green car incentives coming to Israel

Green Cars News

The eagerness to reward green car buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters. It is expected that the cars with the highest fuel consumption levels, such as SUVs, will face increased taxes and duties.

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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

The government will also issue a consultation in the autumn to gather views on measures to support motorists, residents and businesses affected by local plans—such as retrofitting, subsidized car club memberships, exemptions from any vehicles restrictions, or a targeted scrappage scheme for car and van drivers.

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Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales – ET Auto

Baua Electric

There are no regulations barring use of vehicles more than 15 years in rural areas, which has spawned a growing market for pre-owned cars in the hinterlands, limiting the scrappage aims, according to a government study.

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Will you save money if you buy a green car? The Green Piece

Green Cars News

Certainly the Government’s scrappage scheme has attracted new car buyers who only have the money to buy some of the cheaper new vehicles. Also factor in the savings that could be made on road tax, congestion and even car insurance. Savers that take a savvy approach to car buying could save thousands over the lifetime of the vehicle.

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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

Scrappage schemes . The OECD has conducted analysis on the components of effective ‘scrappage schemes’. Role of public and private sector fleets – including using the tax system . Drive Electric has advocated for a comprehensive plan to decarbonise transport for the past two years.