Sens. Cramer, Hoeven Call for Killing EV Tax Credits
Two more North Dakota elected officials are showing no love for the electric vehicle. Republican U.S. Sens. Kevin Cramer and John Hoeven on Thursday issued news releases announcing they are co-sponsoring a bill to eliminate tax incentives for electric vehicles….
Tata Motors Opposes Tax Cut On EV Import Amid Tesla’s India Foray Plans
Tata Motors is reportedly urging Indian officials not to lower import taxes of 100% on electric vehicles (EVs) and to protect the domestic industry and investors, as the government evaluates Elon Musk-led US electric car maker Tesla’s plan to foray…
EVs With Chinese Parts won’t Qualify for the full $7,500 tax Credit from 2024
The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. New guidance for EV tax credits A couple of days ago,…
India Weighs Five-year Tax Cuts on EV Imports to woo Tesla
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in…
Audi Executive Says Lowering Import Tax on EV Will Help Test India Market
Volkswagen-owned Audi’s India unit said on Friday that any potential cut down on electric vehicle (EV) import taxes would help the German carmaker experiment better with models and pricing in the world’s third-largest car market. “If we get a window of three to…
With Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The…
Road Tax Exemption For Electric Cars In Telangana Replaced With High Rates
The road tax exemption available for electric cars in Telangana has been replaced with a levy ranging from 11-15%, a move that could surprise many potential EV buyers. “Their policy has changed… till recently there was zero tax, now they…
China’s Largest Carmaker BYD Faces Tax Investigation In India
Chinese automaker BYD is under an ongoing investigation by the Directorate of Revenue Intelligence (DRI) over allegations of underpaid taxes on imported parts used in its assembled cars sold in the country, reported news agency Reuters. The DRI claims that…
China Extends Tax Breaks For New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry. The move, announced…
EV Industry Wants Removal Of GST Anomalies: SUN Mobility’s Maini
The Goods and Service Tax Council needs to remove the existing discrepancies for electric vehicles and their components, SUN Mobility’s co-founder Chetan Maini said. In an interview with DH’s Anjali Jain, Maini, who had founded India’s first electric car maker Reva (which was later…
