Government incentives push electric car sales to record high in Germany

Volkswagen's ID4, the brand's first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty
Volkswagen’s ID4, the brand’s first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty

The shift to electric cars is gaining momentum in Germany, thanks in large part to government-backed incentives that are encouraging buyers to make the switch to electric and hybrid vehicles.

Figures published by Germany’s Federal Motor Transport Authority on Monday show registrations of new all-electric vehicles (BEVs) have risen by 260% in September, from the same month in 2019, to 21,188. These now account for an 8% share of the overall car market.

Hybrids make up just over 20% of the passenger-car market, with registrations up 185% last month from the previous September.

As part of its coronavirus stimulus package, the German government decided not to fund discounts on fossil-fuel cars or back a cash-for-clunkers scheme, but rather to support the switch to clean mobility by doubling subsidies

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Italy sales rise 10% in September, boosted by government incentives

MILAN — New-car sales in Italy rose 9.5 percent in September, the first monthly increase of the year, with demand from private buyers supported by a government incentive program introduced in August.

Tesla, Suzuki, Renault, Dacia and Skoda registered the strongest gains for the month.

There were 156,132 vehicles registered in the month, according to data from Italy’s transport ministry, on 22 selling days, one more than in September 2019. 

Registrations by private customers jumped 25 percent to 107,552, according to market researcher Dataforce. 

Sales to short-term rental companies increased 10 percent to 6,463. Registrations by long-term rental companies were up 13 percent, and business sales declined by 12 percent.

Self-registrations by automakers were down 39 percent and dealer registrations fell 35 percent, Dataforce said.

  • Click here for Italy sales by brand

Registrations through September are down 34 percent to 966,017. Dataforce forecasts total sales of 1.35 million for the

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Car industry leaders exaggerating poor sales performance to push for incentives, believe experts

Car industry experts have hit back at a leading trade body’s negativity towards September’s new car registrations, claiming the outlook is actually positive.

The Society of Motor Manufacturers and Traders (SMMT) today revealed just 328,000 cars were registered last month, down 4.4 per cent on the same month last year.

SMMT chief executive Mike Hawes pointed to the fact last month was the ‘poorest September since the two-plate system was introduced in 1999’, adding: “Unless the pandemic is controlled and economy-wide consumer and business confidence rebuilt, the short-term future looks very challenging indeed.”

However, industry experts believe the figures were actually positive for the motor trade and believe they have been positioned negatively to help the SMMT make a case for new car sales incentives.

James Baggott, founder of Car Dealer Magazine, said: “While overall sales may be down, it’s not bad news at all.

“Dealers are selling more cars

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EV Sales Surge In Italy As August Marks Start Of New Incentives

Italy’s car market is back in full swing after a horrible Spring and a progressive recovery from early Summer.

Official August market figures are out and offer a very upbeat picture. A market improvement was broadly anticipated, as this month marks the introduction of new incentives aimed at electric mobility and low emission ICE vehicles. What remained to be seen was which powertrains would benefit the most from the new policy.

a car parked on the side of a road: Renault Zoe Review

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Renault Zoe Review

Editor’s Note: This article was originally published on opportunity:energy.

August is traditionally the slowest month of the year for the Italian car market, as many people are on holiday and defer purchases to September. Nonetheless, this year it is perhaps the most interesting month to date, with the new and in part controversial incentive scheme entering into effect from 1st August. The results of which are already clear to see: Unrae data shows

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Real estate agents get creative with buyer incentives

In five years as a San Francisco real estate agent, Emily Beaven has never experienced such a dry spell. She has several condos on the market right now that she’s representing and she has no offers and zero showings scheduled for them.

She decided it was time to get creative.

“We’re not even getting calls on things. It’s a bit of a ghost town. Then I started to see the incentive trend happening, ” Beaven said. “When you’re not in a super-strong seller’s market, when properties need that extra boost, that’s when [incentives] happen. We’re entering a period of desperation.”

Incentives are designed to entice the buyer or the buyer’s agent to get a property sold as soon as possible. Pre-pandemic, a higher commission for the buyer’s agent was a common incentive, as were restaurant gift cards, but when Beaven saw roundtrip tickets to Paris advertised recently as an agent

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2021 Acura TLX Already Offered With Nearly $3,000 In Lease Incentives

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India To Offer $4.6 Billion In Incentives To Local EV Battery Makers

The Indian government plans to offer $4.6 billion in incentives to companies that establish battery manufacturing facilities for electric vehicles in the country.

A proposal drafted by the Niti Aayog think tank that is chaired by Prime Minister Narendra Modi reveals that the country could slash import bills by as much as $40 billion by 2030 if electric vehicles are to become widely adopted.

Reuters adds that this think tank has recommended incentives of $4.6 billion by 2030 for companies manufacturing batteries in the country. This would start with cash and infrastructure incentives of $122 million in the first financial year that would be ratcheted up annually.

Read Also: Not A Single New Car Was Sold In India Last Month

The plan would see India retain its import tax rate of 5 per cent for certain types of batteries, including those for electric vehicles, until 2022. After that date, it

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Trump claims credit for electric vehicle incentives his administration opposes

President Trump claimed during Tuesday’s debate that his administration has given “big incentives” to electric cars, despite a consistent push from his White House to pull the plug on federal tax credits for the vehicles.

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“I’m okay with electric cars, too. I’m all for electric cars,” Trump said during a climate change segment within Tuesday night’s debate. “I’ve given big incentives to electric cars, but what they’ve done in California is just crazy.”

Trump didn’t go into detail, but he was likely referring to Democratic California Gov. Gavin Newsom’s commitment last week to require 100% zero-emissions vehicle sales in the state starting in 2035, essentially banning the sale of new gas-powered cars by that year.

The president’s claims that he supports electric car incentives don’t hold up, however. The White House has repeatedly sought to kill tax credits, which offer consumers a $7,500 incentive

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General Motors to repay some Ohio tax incentives as part of deal with state over shuttered Lordstown plant

COLUMBUS, Ohio — Ohio officials have ordered General Motors to repay $28 million out of $60.3 million in state tax credits the company received, after officials officially determined on Monday that GM broke a deal to keep thousands of jobs at its now-shuttered assembly plant in Lordstown.

As part of the deal, announced Monday by the Ohio Tax Credit Authority, GM also agreed to invest $12 million in the Mahoning Valley area by the end of 2022, in the form of community infrastructure, jobs-training or other community programs. The company will not make up for the other $20.3 million in tax credits it received. The TCA took into account “market conditions and GM’s other operations in Ohio,” when setting the refund amount, according to Todd Walker, an agency spokesman.

The company had received the $60.3 million under the terms of a 2008 deal with state officials. In exchange, GM said

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India plans $4.6 billion in incentives to lure EV battery makers

The Mahindra Funster electric concept vehicle is displayed at Auto Expo 2020 in February 2020 in Greater Noida, India. (Getty Images)

a car on display


NEW DELHI — India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.

The proposal is likely to be reviewed by Modi’s cabinet in the coming weeks, said a senior government official, who was not authorized to comment on the matter and declined to be identified. NITI Aayog and the Indian government did not respond to requests for comment.

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