Tag Archives: tax incentives

Tesla’s Quarter Two Sales Stalls in Hong Kong

Tesla Quarter Two 2017 Q2 Sales Stalls in Hong Kong after government remove EV electric vehicle tax break incentives reduction exemption

Government withdraws electric vehicle tax break No more electric vehicle tax break, which started in April had a dramatic effect on sales of Tesla cars in the city of Hong Kong, according to Business Insider. How Many Units Sold? The WSJ reported a sales surge just before the April 1 rule change, with 2,939 Tesla vehicles registered in March and nearly 3,700

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Tax Boost for Sustainable Mobility in the Philippines

excise Tax exemption for Sustainable urban Mobility in the Philippines electric vehicle ev hybrid mitsubishi miev outlander toyota prius jeepney KEA etrike

EV Tax Exemption The Philippines is proposing new excise tax law that would exempt electric vehicles (EVs) from excise duty. The proposed exemptions are part of the House Bill 5636, which the House of Representatives passed on May 31, and the Senate Bill 1408 currently under consideration. The proposed law also exempts hybrid vehicles so long as its drive system “consists of

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India Electric Mobility Mission Sends Carmakers Scrambling

MUMBAI: Automakers big and small are racing to build hybrids and electric cars to take advantage of tax benefits and increasing concerns on air quality in major cities. A dozen electric and hybrid cars are likely to be launched in the next three years with Mahindra & Mahindra (M&M), Hyundai, Toyota and Nissan joining market leader Maruti Suzuki in adopting

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Thailand Appoints State-owned Co Lead the Charge in Electric Vehicle Development

PTT Plc, a state-owned oil and gas company, on Monday signed contracts with six major automakers for cooperation in developing electric cars, opening the first in a series of electric vehicle charging stations associated with the project. PTT will be responsible for building a network of 20 charging stations under the accord, while the automakers pledged to develop electric vehicles

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BMW may Build an Electric-Car Battery Factory in Thailand

German carmaker BMW is considering building a new plug-in hybrid vehicle battery factory in Thailand, the country’s industry minister said on Friday. Construction was likely to start in the middle of next year with an investment of 2 billion baht ($57 million), Industry Minister Atchaka Sibunruang said, adding that the factory would make hybrid vehicles more affordable for Thai consumers.

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