Category: Taxes

By on May 3, 2016

BMW i3 and i8

BMW’s electric car sub-brand is growing, thanks to new and upgraded models, but its management ranks are shrinking as executives flee to a Chinese startup.

Three top names, including the program’s head, were lured to China’s Future Mobility Corp. this year, Automotive News Europe reports, while sales dropped by nearly a quarter in the first three months of 2016.

Call it a case of “i” gotta go. Read More >

By on April 27, 2016

Porsche-918-Spyder

Two sides, two seemingly valid arguments. And in the middle, five $1.1 million cars.

Through the province’s Electric Vehicle Incentive Program, Ontario taxpayers helped lower the price of five Porsche 918 Spyders last year, according to Canada’s national broadcaster, leaving many wondering why their cash helped fund supercars for the ultra wealthy.

The program shaved just over $5,500 off the price of each $1.1 million hybrid Porsche — a limited edition model possessing 887 horsepower, with a top speed of 210 miles per hour.

One of those vehicles has since burned to the ground in a Toronto-area gas pump fire, which, for some, serves as a perfect metaphor for taxpayer-funded EV incentives. Read More >

By on April 26, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

Tesla is in the game to make money with its $35,000 Model 3, due out in late 2017, but that claim was recently disputed by an industry insider.

Jon Bereisa, an electric vehicle engineering consultant (and former General Motors systems architect responsible for the Chevrolet Volt), said recently that the Model 3 needs to be much more expensive for Tesla to break even, according to StreetInsider (via Electrek). Read More >

By on April 19, 2016

2015 Chevrolet Bolt EV Concept all electric vehicle – Exterior

When you’re in conversation with a self-described urbanist, it’s usually impossible to avoid numerous references to Amsterdam, that progressive utopia of bikes, tulips, marijuana-smoking tourists, and more bikes.

Well, expect to hear about it even more, now that Dutch parliament has passed a Dutch Labor Party motion to ban the sale of internal combustion vehicles in that country after 2025, according to Auto Express. The bill, which requires senate approval to become the law of the land, would see existing gas and diesel vehicles grandfathered, and the sale of new ones banned. Read More >

By on March 1, 2016

2015 BMW X4, Image: BMW

Amsterdam’s port facility is more crowded than a Walmart on Black Friday and it’s all China’s fault.

That, BMW wonders how it all went wrong, Millennials bare their souls to a salesman, Toyota walks down memory lane, and a safety regulator has some explaining to do … after the break!

Read More >

By on January 20, 2016

2015 Ram 1500 Rebel

FCA has to clean up its act in a hurry, or pay a lot more to sell cars in the future.

That, Europe wants Volkswagen to treat its owners the same as American owners, General Motors’ lawyers get down and dirty and Porsche’s plug-in 911 … after the break!

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By on December 21, 2015

alcohol-bar-party-cocktail

You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer instead of a cab ride.

That, and Subaru is turning production up to “11,” Hyundai was hit hard in China and Nevada’s rolling the dice on electric cars … after the break. 

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By on November 24, 2015

Volkswagen Polo

German investigators are looking into whether Volkswagen executives or engineers broke laws by lying about carbon dioxide emissions in 800,000 cars sold in Europe, the New York Times reported.

Authorities near the automaker’s headquarters in Wolfsburg say they are focused on five Volkswagen employees, but wouldn’t identify those employees. Investigators are determining if Volkswagen employees knowingly provided false information to authorities about those cars and their emissions to qualify those cars for lower tax rates. In admitting that it lied about its emissions levels this month, Volkswagen said it would repay governments for back tax revenue lost because of the bogus claims.

This month, Volkswagen admitted it underestimated carbon dioxide output from 800,000 cars sold in Europe and said the scandal could cost the company more than $2.1 billion. According to the New York Times report, Volkswagen’s admission included a promise to repay taxes owed on owners’ cars it sold with bogus carbon dioxide numbers.

Read More >

By on November 3, 2015

2016_nissan_leaf_18

Electric car sales in Georgia have halted after that state stopped offering incentives and started charging a $200 annual fee to recoup lost gas tax revenue, the Atlanta Journal-Constitution reported.

New electric vehicle registrations plummeted 89 percent from June to August after the state stopped offering a $5,000 tax break on top of the $7,500 federal incentive. Georgia’s incentive was one of the most generous in the country.

Georgia’s electric purge could portend a future in highly incentivized states, such as California and Colorado, where electric incentives and sales are still relatively strong.

Read More >

By on October 5, 2015

Subaru Sambar

Twelve countries, including the United States, reached an agreement Monday on an historic trade agreement that could economically tie together more than 400 million people in Asian Pacific and American countries. The pact would cover trade for wide ranging products, from rice to pharmaceutical drugs to cars.

The Trans-Pacific Partnership, which negotiators have been working on for eight years, would thaw trade relations among countries included in the regional zone, including Japan and the United States. For automakers in both countries, the tentative deal includes provisions for Japanese automakers to (eventually) bring light-duty trucks to the U.S. For American automakers, part of the proposed agreement included a side deal between America and Japan to allow access for U.S. automakers to traditionally closed Japanese markets.

The agreement faces an uphill battle to get congressional approval; House Republicans and presidential candidates already have roundly dismissed the deal.

Read More >

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  • Bark M., United States
  • Chris Tonn, United States
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  • Vojta Dobes, Czech Republic

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