The German government wants to have 50,000 EVs on its roads by 2020, and it may call for a ten-year moratorium on EV vehicle taxes to do it.
Illinois motorists may soon be the victims of their own good behavior. Drivers in the Land of Lincoln have been improving their fuel efficiency and driving more hybrid and electric cars that lessen their reliance on gasoline. As a result, the state isn't collecting as much money through its gasoline tax as it once did.
The German government is considering a 5,000-euro perk for buyers of electric vehicles, and may ask automakers to help foot the bill.
Georgia charges the most for EVs out of the 10 states that have imposed extra fees for electrified vehicles.
US government considers adding fees especially for electric-vehicle drivers.
Michigan government considers boosting vehicle-registration fees for hybrids, electric vehicles.
For an automaker to manufacture locally, two elements need to be in effect: for one, the market needs to be large enough to justify it, and for another, importing has to be too expensive to make it worthwhile. Many automakers have found both those elements in place in Russia, but may not for very much longer. According to Ward's, changing conditions in Russia could spell the end of local production in the world's largest country. On the one hand, the market is shrinking, while on the other, impo
If there's any company that's faced some ups and downs, surely it's Spyker. The Dutch coachbuilder originally started out in 1880 and shut down in 1926, laying dormant until resurfacing in 1999. Things were going alright until Spyker tried running its own F1 team (which as fellow niche European sports car manufacturers Caterham and Marussia could tell you, is not a good idea) then set its sights on Saab. Of course we all know how that turned out and nearly drove the company into bankruptcy.
For those who consider our current and projected transportation-infrastructure budget shortfall a weighty matter, consider a recent op-ed in The New York Times that casts the argument in just those terms. With transportation funding subsidized to the tune of about $41 billion since 2008 and the annual shortfall expected to reach almost $15 billion by 2015, the Times suggests a potential solution: imposing annual fees based on a combination of driving miles and vehicle weight.
General Motors has no issues with the idea of better roads for Michigan, but when it comes to a special plug-in vehicle tax enacted to help pay for those repairs, the automaker is crying foul, Automotive News says.
The Associated Press reports three former Saab executives have been arrested on charges of accounting fraud. Swedish prosecutor Olof Sahlgren has refused to identify the individuals, but says they're suspected of attempting to evade taxes by falsifying Saab accounts between 2010 and 2011 during the Spyker years. Other reports indicate the parties involved include former General Counsel to Saab Kristina Geers (seen to the left of former CEO Victor Muller, above), a 15-year-veteran of the company
Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring le
France's environment minister says diesel fuel, which powers about 80 percent of the country's light-duty vehicles, should be taxed at higher levels for the sake of public health, Bloomberg News reports.
The assessment of a gas tax and the role it plays in a state's transportation and overall budgets has been a topic of discussion for a while, and Virginia state governor Bob McDonnell is the latest to offer up another way to secure more revenue from the state's residents to pay for their roads and public transportation. McDonnell's proposal would eliminate Virginia's 17.5-percent gas tax entirely, with funds for infrastructure projects coming from an increase in the sales tax from five percent t
As cars get more fuel efficient, they become a less profitable source of tax dollars. So what's a city to do? Raising gas taxes is certain political death. For San Francisco Bay officials, creativity is the key.
Think of it this way: a teenager cruising in a convertible down Pacific Coast Highway will probably be pretty big on smooth roads.
Tragedy is a relative concept. Some would call it a tragedy that, while Italy makes some of the most desirable (and gas-guzzling) cars on the market, it also has some of the highest fuel prices in Europe. But that unfortunate reality is far overshadowed by the two earthquakes that have struck the country's Emilia-Romagna region, killing 24 people in total. Now the fledgling government tasked with steering the troubled country into financial health is forced to raise fuel taxes even higher to rel
For a multitude of reasons – climate change, air quality, national security, etc. – a large reduction in the burning of carbon-based fuels is a good idea. Since higher prices are known to reduce consumption, one way to achieve this is to simply put a tax on fuel at the pump. It's been proposed by GM's Dan Akerson, Bill Ford and others, but the idea can be difficult politically and economically. With current prices already relatively high, further increases negatively impact the cost
How important is the auto industry to state and federal governments? According to the Center for Automotive Research, the industry accounts for $135 billion in annual taxes. In fact, a reported 13 percent of all state taxes comes from the automobile, or $91.5 billion in total.