Green Tax

EV Buyers Could Lose $7.5K In Tax Credits as Trump Pledges to Scrap Biden-Era Mandate in 2025

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EV Buyers Could Lose .5K In Tax Credits as Trump Pledges to Scrap Biden-Era Mandate in 2025

If you are planning to buy an electric vehicle (EV), lawyers and EV experts urge you to make the purchase before 2024 ends to avoid the risks of missing out on up to $7,500 in EV tax credits as they fear President-elect Donald Trump will scrap the mandate in tax negotiations upon assuming Office next … Read more

Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India

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Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India

Mumbai: Levying a ‘green GST (goods and services tax)’ on cars-where the tax rate goes up or down based on the vehicle’s emission levels-will be the ideal path towards achieving carbon neutrality, said Vikram Pawah, president of BMW Group India. The gradient will incline consumers towards buying greener cars, he told ET. “Ideally there should … Read more