Mexican Media Brands
Italy Plans Taxes on Gas Guzzlers, Subsidies for “Green” Cars
Italy’s parliament has approved incentives on fuel-efficient vehicles and higher taxes for new cars with poor fuel economy and high carbon dioxide emissions.
#regulations #hybrid #economics
Share
Italy’s parliament has approved plans pay incentives on fuel-efficient vehicles and raise taxes for cars with poor fuel economy and high carbon dioxide emissions, Reuters reports.
The measures, which await approval of the lower house, would take effect on March 1 and continue through the end of 2021.
Reuters says the proposed measures would pay buyers of new low-emission vehicles as much as €6,000 ($6,900). An array of incentives for hybrid and all-electric vehicles will be indexed to emissions and apply to vehicles that cost no more than €50,000 ($57,200).
The scheme also would impose gas-guzzler taxes on new gasoline and diesel cars, depending upon their CO2 emissions. The planned fees would range from €1,100 ($1,300) for vehicles that emit between 161 and 175 grams per kilometer to €2,000 ($2,300) for those that generate 201-205 g/km.
Italy’s auto industry opposes the latter tax. It says the fees will hurt sales, disrupt the sector’s supply chain and threaten employment.
RELATED CONTENT
-
Carmakers Ask 10 States to Help Bolster EV Sales
Carmakers are asking for more support for electric cars from states that support California’s zero-emission-vehicle goals, Automotive News reports.
-
Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
-
CARB Predicts 10x Hike in Fuel Cell Vehicles by 2024
California expects the number of fuel cell-powered vehicles registered in the state will surge to 23,600 units in 2021 from 4,800 through May of this year and reach 47,200 by 2024.