China will exempt electric cars and other types of “new energy” vehicles from purchase tax, the government said, as it seeks to reduce pollution and conserve resources.
Category Archives: Motoring News
China to eliminate electric vehicle purchase tax
Average insurance prices down 15 per cent
The average cost of a car insurance policy in 2014 is down 15 per cent on 2013 – with an even larger reduction of 32 per cent year-on-year for 17-year-old new drivers. The average cost of an insurance policy in the UK in Spring 2014 was £579, down by £99 on Spring 2013.
Norbert Reithofer, BMW CEO sees €billion challenge to meet EU’s CO2 target
BMW faces a huge financial challenge to meet tougher CO2 emissions limits that take effect in Europe in 2021. CEO Norbert Reithofer says the cost to comply will be in the billions. He is confident, however, that a new engine family will allow the automaker to meet its EU CO2 target and will also put it ahead of the competition.Reithofer, 58, also says that BMW is re-thinking how to stay ahead of Audi and Mercedes-Benz as the sales battle between the three premium brands heats up.
MHD vehicle market to nearly double by 2035
The number of medium- and heavy-duty vehicles (MHDVs) in use worldwide will nearly double between 2014 and 2035, according to a new forecast report by Navigant Research. Navigant projects that annual MHDV sales will grow throughout the forecast period at a compound annual growth rate (CAGR) of 2.4%.
Quickly locate Finland’s public biogas filling stations
Finland now has 21 CBG100 public biogas filling stations—i.e. they sell 100% compressed biogas (CBG).
