- Jan 29, 2009
Germany joins EU in taxing CO2 emissions
The only problem is that it doesn't really change much of the scheme already in place, and it's hit-and-miss. This, naturally, has Germany's environmental parties calling foul, yet the nation's domestic producers like VW, Audi, Porsche, Mercedes, and BMW initially gotten the government to consider lowering the taxes on gas guzzlers. In that light, the new taxation proposal could be seen as a victory, albeit a small one.
As it stands, the yearly tax will be calculated based on engine size and emissions, and smaller-engined, cleaner vehicles will pay less tax. An Opel Agila owner with a 1.2-liter engine and 120 gm/km would save €75, nearly a 40 more.
The new taxing system will go into effect July 1 of this year. Although it now brings Germany into line with a majority of its European partners, if the greens have anything to say about it the issue is nowhere near being put to rest.
[Source: Der Spiegel via Automotive NewsWire]