The Truth About Cars » subsidies http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 04 May 2016 20:39:13 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 China Firm On Cutting Green Car Subsidies By 2021 http://www.thetruthaboutcars.com/2016/01/china-firm-on-cutting-green-car-subsidies-by-2021/ http://www.thetruthaboutcars.com/2016/01/china-firm-on-cutting-green-car-subsidies-by-2021/#comments Sun, 24 Jan 2016 17:30:26 +0000 http://www.thetruthaboutcars.com/?p=1272433 China’s finance minister said Saturday that the government will end green car subsidies by 2021 and let its market dictate whether EVs or plug-in hybrid can sell on their own in the country, Reuters reported. Lou Jiwei told reporters that the government would cut subsidies by 20 percent over the next two years, by 40 percent […]

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China’s finance minister said Saturday that the government will end green car subsidies by 2021 and let its market dictate whether EVs or plug-in hybrid can sell on their own in the country, Reuters reported. Lou Jiwei told reporters that the government would cut subsidies by 20 percent over the next two years, by 40 percent […]

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WSJ To Tesla: Cast Aside Corporate Welfare To Improve Image http://www.thetruthaboutcars.com/2015/02/wsj-tesla-cast-aside-corporate-welfare-improve-image/ http://www.thetruthaboutcars.com/2015/02/wsj-tesla-cast-aside-corporate-welfare-improve-image/#comments Tue, 17 Feb 2015 14:00:51 +0000 http://www.thetruthaboutcars.com/?p=1002850 Despite its visions of having a valuation on par with Apple within a decade, Tesla’s subsistence on subsidies may be hard for some to swallow. The Wall Street Journal said as much in an opinion piece following Tesla CEO Elon Musk’s proclamation to grow his company 50 percent annually, with a stock valuation of $700 […]

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Despite its visions of having a valuation on par with Apple within a decade, Tesla’s subsistence on subsidies may be hard for some to swallow. The Wall Street Journal said as much in an opinion piece following Tesla CEO Elon Musk’s proclamation to grow his company 50 percent annually, with a stock valuation of $700 […]

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Nissan Loses Money On Every Leaf Replacement Battery Sold http://www.thetruthaboutcars.com/2014/07/kuhlman-nissan-loses-money-per-leaf-replacement-battery-sold/ http://www.thetruthaboutcars.com/2014/07/kuhlman-nissan-loses-money-per-leaf-replacement-battery-sold/#comments Fri, 25 Jul 2014 11:00:08 +0000 http://www.thetruthaboutcars.com/?p=873026 In June, Nissan announced that Leaf owners could obtain a replacement battery pack for $5,500 upon trading in the old unit. While a boon to said owners, the automaker is losing blood on the deal every time a pack is sold. Green Car Reports interviewed Nissan vice president of global communications Jeff Kuhlman, who explained […]

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In June, Nissan announced that Leaf owners could obtain a replacement battery pack for $5,500 upon trading in the old unit. While a boon to said owners, the automaker is losing blood on the deal every time a pack is sold. Green Car Reports interviewed Nissan vice president of global communications Jeff Kuhlman, who explained […]

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Volkswagen May Announce Location Of New SUV Production Next Week http://www.thetruthaboutcars.com/2014/05/volkswagen-may-announce-location-of-new-suv-production-next-week/ http://www.thetruthaboutcars.com/2014/05/volkswagen-may-announce-location-of-new-suv-production-next-week/#comments Fri, 09 May 2014 13:00:12 +0000 http://www.thetruthaboutcars.com/?p=818522 Volkswagen appears ready to announce where its upcoming mid-size SUV — based upon the CrossBlue concept from the 2013 Detroit Auto Show — will be assembled. Automotive News reports the decision could come as soon as next week at the earliest, though execs either don’t know or cannot say for sure, citing the automaker’s board’s […]

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Volkswagen appears ready to announce where its upcoming mid-size SUV — based upon the CrossBlue concept from the 2013 Detroit Auto Show — will be assembled. Automotive News reports the decision could come as soon as next week at the earliest, though execs either don’t know or cannot say for sure, citing the automaker’s board’s […]

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Tennessee Lawmakers Threatening To Kill Subsidies If UAW Wins VW Plant http://www.thetruthaboutcars.com/2014/02/tennessee-lawmakers-threatening-to-kill-subsidies-if-uaw-wins-vw-plant/ http://www.thetruthaboutcars.com/2014/02/tennessee-lawmakers-threatening-to-kill-subsidies-if-uaw-wins-vw-plant/#comments Tue, 11 Feb 2014 16:40:30 +0000 http://www.thetruthaboutcars.com/?p=739385 Should the United Auto Workers win the upcoming election to represent workers at Volkswagen’s Chatanooga, Tenn. plant, the automaker may find itself shunned by state lawmakers as far as further subsidies are concerned. Volkswagen is seeking a new site this year to build their CrossBlue-based mid-size SUV in 2016, wooing both powers that be in […]

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Should the United Auto Workers win the upcoming election to represent workers at Volkswagen’s Chatanooga, Tenn. plant, the automaker may find itself shunned by state lawmakers as far as further subsidies are concerned. Volkswagen is seeking a new site this year to build their CrossBlue-based mid-size SUV in 2016, wooing both powers that be in […]

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Editorial: Canada’s Auto Industry Is Hooked On Subsidies, And It Won’t End Well http://www.thetruthaboutcars.com/2014/02/editorial-chryslers-investment-demands-prove-that-canadas-auto-industry-is-hooked-on-subsidies/ http://www.thetruthaboutcars.com/2014/02/editorial-chryslers-investment-demands-prove-that-canadas-auto-industry-is-hooked-on-subsidies/#comments Tue, 11 Feb 2014 13:00:08 +0000 http://www.thetruthaboutcars.com/?p=739225 Just a few short years after the Canadian and Ontario government bailed out General Motors and Chrysler, a familiar scenario is playing out along Highway 401. Chrysler is reported to be negotiating with both the Ontario and Canadian federal government regarding subsidies for their Windsor assembly plant that builds the Dodge Caravan and Chrysler Town […]

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Just a few short years after the Canadian and Ontario government bailed out General Motors and Chrysler, a familiar scenario is playing out along Highway 401. Chrysler is reported to be negotiating with both the Ontario and Canadian federal government regarding subsidies for their Windsor assembly plant that builds the Dodge Caravan and Chrysler Town […]

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Toyota Shuttering Australian Factory By 2017, Local Industry Dead http://www.thetruthaboutcars.com/2014/02/toyota-shuttering-australian-factory-by-2017-local-industry-dead/ http://www.thetruthaboutcars.com/2014/02/toyota-shuttering-australian-factory-by-2017-local-industry-dead/#comments Mon, 10 Feb 2014 15:58:31 +0000 http://www.thetruthaboutcars.com/?p=738457 Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford. Toyota Australia head Max Yasuda and Toyota Motor Corporation head Akio Toyoda made the announcement […]

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Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford. Toyota Australia head Max Yasuda and Toyota Motor Corporation head Akio Toyoda made the announcement […]

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GM’s Ellesmere Port Decision Could Collide With EU Anti-Subsidy Rule http://www.thetruthaboutcars.com/2012/05/gms-ellesmere-port-decision-could-collide-with-eu-anti-subsidy-rule/ http://www.thetruthaboutcars.com/2012/05/gms-ellesmere-port-decision-could-collide-with-eu-anti-subsidy-rule/#comments Mon, 21 May 2012 14:56:09 +0000 http://www.thetruthaboutcars.com/?p=445371 A day before GM officially announced that the Astra production will be moved to Ellesmere Port, a move that is widely believed to seal the fate of Opel’s Bochum plant, we said that the decision won’t go down well in Germany, and that it will be very tough working with a doomed workforce. The workforce […]

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A day before GM officially announced that the Astra production will be moved to Ellesmere Port, a move that is widely believed to seal the fate of Opel’s Bochum plant, we said that the decision won’t go down well in Germany, and that it will be very tough working with a doomed workforce. The workforce […]

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Ontario Cutting Electric Vehicle Subsidies, $43 Million In Savings Expected http://www.thetruthaboutcars.com/2012/03/ontario-cutting-electric-vehicle-subsidies-43-million-in-savings-expected/ http://www.thetruthaboutcars.com/2012/03/ontario-cutting-electric-vehicle-subsidies-43-million-in-savings-expected/#comments Wed, 28 Mar 2012 18:14:21 +0000 http://www.thetruthaboutcars.com/?p=436938 Ontario’s 2012 budget was released this morning, and while the United States under the Obama administration seems intent on boosting subsidies for alternative fuel vehicles, including EVs, those in the Great White North’s most populous province are able to see the writing on the wall with regards to EVs. Two programs, designed to encourage EV […]

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Ontario’s 2012 budget was released this morning, and while the United States under the Obama administration seems intent on boosting subsidies for alternative fuel vehicles, including EVs, those in the Great White North’s most populous province are able to see the writing on the wall with regards to EVs. Two programs, designed to encourage EV […]

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Honda To Enter China With EV http://www.thetruthaboutcars.com/2011/10/honda-to-enter-china-with-ev/ http://www.thetruthaboutcars.com/2011/10/honda-to-enter-china-with-ev/#comments Wed, 12 Oct 2011 18:58:35 +0000 http://www.thetruthaboutcars.com/?p=414532 While U.S. Senators are wringing their hands and pounding their chests about EV know-how allegedly escaping to China, makers from other countries are doing business. The most recent EV entry is Honda. Honda will build an EV in China and sell it in China in 2012 “in limited quantities,” its R&D chief Toshihiro Mibe told […]

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While U.S. Senators are wringing their hands and pounding their chests about EV know-how allegedly escaping to China, makers from other countries are doing business. The most recent EV entry is Honda. Honda will build an EV in China and sell it in China in 2012 “in limited quantities,” its R&D chief Toshihiro Mibe told […]

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European Competition Authorities: Is Electric Car Aid OK? http://www.thetruthaboutcars.com/2011/07/european-competition-authorities-is-electric-car-aid-ok/ http://www.thetruthaboutcars.com/2011/07/european-competition-authorities-is-electric-car-aid-ok/#comments Thu, 14 Jul 2011 23:11:40 +0000 http://www.thetruthaboutcars.com/?p=402741 The European Commission’s competition authority has a problem: The Commission had to launch a formal investigation into aid for a large investment project by BMW for the manufacturing of electric cars. The formal investigation will allow the Commission to gain an insight into the emerging market of electric cars, a market for which it has not […]

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The European Commission’s competition authority has a problem: The Commission had to launch a formal investigation into aid for a large investment project by BMW for the manufacturing of electric cars. The formal investigation will allow the Commission to gain an insight into the emerging market of electric cars, a market for which it has not […]

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Senate Votes To Repeal Ethanol Tax Credits http://www.thetruthaboutcars.com/2011/06/senate-votes-to-repeal-ethanol-tax-credits/ http://www.thetruthaboutcars.com/2011/06/senate-votes-to-repeal-ethanol-tax-credits/#comments Fri, 17 Jun 2011 15:32:51 +0000 http://www.thetruthaboutcars.com/?p=399203 Cracks continued to in the ethanol industry’s once-impregnable political vanguard, as the San Francisco Chronicle reports that the Senate has voted to roll back the Volumetric Ethanol Excise Tax Credit (VEETC) as well as import tariffs on foreign-produced ethanol. This rollback of multi-billion-dollar ethanol credits failed earlier in the week, when the Detroit News reports […]

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Cracks continued to in the ethanol industry’s once-impregnable political vanguard, as the San Francisco Chronicle reports that the Senate has voted to roll back the Volumetric Ethanol Excise Tax Credit (VEETC) as well as import tariffs on foreign-produced ethanol. This rollback of multi-billion-dollar ethanol credits failed earlier in the week, when the Detroit News reports […]

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Quote Of The Day: The Beginning Of The End Of Ethanol Edition http://www.thetruthaboutcars.com/2011/05/quote-of-the-day-the-beginning-of-the-end-of-ethanol-edition/ http://www.thetruthaboutcars.com/2011/05/quote-of-the-day-the-beginning-of-the-end-of-ethanol-edition/#comments Tue, 24 May 2011 23:47:58 +0000 http://www.thetruthaboutcars.com/?p=396008 Over the course of TTAC’s coverage of US ethanol subsidies, I’ve often wondered why nobody made a political issue out of slaying an ever-growing waste of tax dollars ($6b this year on the “blender’s credit” alone). And with the political rhetoric about America’s debt prices rising, I’ve been wondering with more and more regularity when […]

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Over the course of TTAC’s coverage of US ethanol subsidies, I’ve often wondered why nobody made a political issue out of slaying an ever-growing waste of tax dollars ($6b this year on the “blender’s credit” alone). And with the political rhetoric about America’s debt prices rising, I’ve been wondering with more and more regularity when […]

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DOE: The Cheap, Effective, Unsubdsidized Electric Car Is Coming http://www.thetruthaboutcars.com/2011/05/doe-the-cheap-effective-unsubdsidized-electric-car-is-coming/ http://www.thetruthaboutcars.com/2011/05/doe-the-cheap-effective-unsubdsidized-electric-car-is-coming/#comments Sun, 22 May 2011 15:37:49 +0000 http://www.thetruthaboutcars.com/?p=395831 Though The Department of Energy has offered only the flimsiest of evidence for the practicability of President Obama’s electric vehicle goals, Energy Secretary Steven Chu is out writing checks about the future of EVs that the industry may not be able to cash. Speaking at the installation of the 500th ChargePointAmerica charging station in Southern […]

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Though The Department of Energy has offered only the flimsiest of evidence for the practicability of President Obama’s electric vehicle goals, Energy Secretary Steven Chu is out writing checks about the future of EVs that the industry may not be able to cash. Speaking at the installation of the 500th ChargePointAmerica charging station in Southern […]

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GAO: Government Ethanol Rules Actually Increase Gasoline Use http://www.thetruthaboutcars.com/2011/05/gao-government-ethanol-rules-actually-increase-gasoline-use/ http://www.thetruthaboutcars.com/2011/05/gao-government-ethanol-rules-actually-increase-gasoline-use/#comments Thu, 05 May 2011 17:07:16 +0000 http://www.thetruthaboutcars.com/?p=393767 A massive study by the Government Accountability Office into “Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue” has turned up an interesting finding. It seems that the government’s desire to buy more “alternative fuel vehicles” (AFVs) may actually increase the amount of gasoline used by government fleets. Why? Because […]

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A massive study by the Government Accountability Office into “Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue” has turned up an interesting finding. It seems that the government’s desire to buy more “alternative fuel vehicles” (AFVs) may actually increase the amount of gasoline used by government fleets. Why? Because […]

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Trade War Watch 16: US Doesn’t Understand China’s EV Policy, Rattles Saber Anyway http://www.thetruthaboutcars.com/2011/05/us-doesnt-understand-chinas-ev-policy-rattles-saber-anyway/ http://www.thetruthaboutcars.com/2011/05/us-doesnt-understand-chinas-ev-policy-rattles-saber-anyway/#comments Sun, 01 May 2011 22:12:37 +0000 http://www.thetruthaboutcars.com/?p=393335 George Orwell’s warning, that “the first victim of war is the truth,” apparently applies equally to trade wars. On Friday, Senators Carl Levin and Debbie Stabenow (both D-MI) wrote the United States Trade Representative to express their concern over “reported draft regulations” of China’s New Energy Vehicle plan, noting We are concerned that these draft […]

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George Orwell’s warning, that “the first victim of war is the truth,” apparently applies equally to trade wars. On Friday, Senators Carl Levin and Debbie Stabenow (both D-MI) wrote the United States Trade Representative to express their concern over “reported draft regulations” of China’s New Energy Vehicle plan, noting We are concerned that these draft […]

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Obama EV Credit-To-Rebate Plan Draws Opposition… From Democrats http://www.thetruthaboutcars.com/2011/04/obama-ev-credit-to-rebate-plan-draws-opposition-from-democrats/ http://www.thetruthaboutcars.com/2011/04/obama-ev-credit-to-rebate-plan-draws-opposition-from-democrats/#comments Fri, 22 Apr 2011 17:21:24 +0000 http://www.thetruthaboutcars.com/?p=392609 President Obama’s goal of putting one million plug-in vehicles on the road by 2015 has faced serious challenges from day one, with several studies pointing out that the goal probably isn’t achievable without more government action.But up till now, President Obama has forwarded only one actual policy change aimed at achieving his goal, namely turning […]

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President Obama’s goal of putting one million plug-in vehicles on the road by 2015 has faced serious challenges from day one, with several studies pointing out that the goal probably isn’t achievable without more government action.But up till now, President Obama has forwarded only one actual policy change aimed at achieving his goal, namely turning […]

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New Ethanol Bill Faces Automaker Resistance http://www.thetruthaboutcars.com/2011/04/new-ethanol-bill-faces-automaker-resistance/ http://www.thetruthaboutcars.com/2011/04/new-ethanol-bill-faces-automaker-resistance/#comments Thu, 07 Apr 2011 22:15:17 +0000 http://www.thetruthaboutcars.com/?p=390443 How things change in a few years! Just a few short orbits of the sun ago, automakers like GM were some of the biggest boosters of ethanol subsidies. Now, the Detroit News reports The Alliance of Automobile Manufacturers – the trade association representing General Motors Co., Ford Motor Co., Chrysler Group LLC, Toyota Motor Corp. […]

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How things change in a few years! Just a few short orbits of the sun ago, automakers like GM were some of the biggest boosters of ethanol subsidies. Now, the Detroit News reports The Alliance of Automobile Manufacturers – the trade association representing General Motors Co., Ford Motor Co., Chrysler Group LLC, Toyota Motor Corp. […]

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DOE Loan Program Patronage Comes Under Attack http://www.thetruthaboutcars.com/2011/03/doe-loan-program-patronage-comes-under-attack/ http://www.thetruthaboutcars.com/2011/03/doe-loan-program-patronage-comes-under-attack/#comments Thu, 31 Mar 2011 15:46:54 +0000 http://www.thetruthaboutcars.com/?p=389288 It’s been a bad week for the Department of Energy’s Advanced Technology Vehicle Manufacturing Loan program. First, the GAO slammed the program for weak oversight and a lack of performance metrics and professional expertise, and now the Center for Public Integrity and ABC News are unwinding a web of patronage that appears to be taking […]

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It’s been a bad week for the Department of Energy’s Advanced Technology Vehicle Manufacturing Loan program. First, the GAO slammed the program for weak oversight and a lack of performance metrics and professional expertise, and now the Center for Public Integrity and ABC News are unwinding a web of patronage that appears to be taking […]

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Edmunds Comes Out Against EV Tax Credits http://www.thetruthaboutcars.com/2011/02/edmunds-comes-out-against-ev-tax-credits/ http://www.thetruthaboutcars.com/2011/02/edmunds-comes-out-against-ev-tax-credits/#comments Tue, 22 Feb 2011 23:14:09 +0000 http://www.thetruthaboutcars.com/?p=384748 Though it appears that it may take even more government stimulus to achieve President Obama’s goal of putting one million electric vehicles on the road by 2015, online auto juggernaut Edmunds has come out against existing EV tax credits in a commentary by CEO Jeremy Anwyl. Anwyl’s argument is rooted in the American Council for […]

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Though it appears that it may take even more government stimulus to achieve President Obama’s goal of putting one million electric vehicles on the road by 2015, online auto juggernaut Edmunds has come out against existing EV tax credits in a commentary by CEO Jeremy Anwyl. Anwyl’s argument is rooted in the American Council for […]

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Could GE’s EV Mega-Buy Be Bad For Consumers? http://www.thetruthaboutcars.com/2010/11/could-ges-ev-mega-buy-be-bad-for-consumers/ http://www.thetruthaboutcars.com/2010/11/could-ges-ev-mega-buy-be-bad-for-consumers/#comments Thu, 11 Nov 2010 19:35:25 +0000 http://www.thetruthaboutcars.com/?p=372387 The Auto Prophet brings up a point that completely escaped our discussion of General Electric’s EV mega-buy: By gobbling up EVs, GE certainly helps to jump-start the industry, but they also gobble up future tax credits that consumers would have gotten, unless GE opts to forego the EV tax credit. Which would be bad business. […]

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The Auto Prophet brings up a point that completely escaped our discussion of General Electric’s EV mega-buy: By gobbling up EVs, GE certainly helps to jump-start the industry, but they also gobble up future tax credits that consumers would have gotten, unless GE opts to forego the EV tax credit. Which would be bad business. […]

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Carlos Ghosn Sees His Shadow, Requires Two More Years Of EV Subsidies http://www.thetruthaboutcars.com/2010/10/carlos-ghosn-sees-his-shadow-requires-two-more-years-of-ev-subsidies/ http://www.thetruthaboutcars.com/2010/10/carlos-ghosn-sees-his-shadow-requires-two-more-years-of-ev-subsidies/#comments Wed, 27 Oct 2010 16:03:11 +0000 http://www.thetruthaboutcars.com/?p=370405 No automaker has more to gain –and lose– in the early-adopter EV game than Renault-Nissan, and CEO Carlos Ghosn knows how the game is played. Nissan is investing $4b to rollout electric cars in the US, Japan and select Western European markets at the end of this year, but despite being committed, Ghosn insists that […]

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No automaker has more to gain –and lose– in the early-adopter EV game than Renault-Nissan, and CEO Carlos Ghosn knows how the game is played. Nissan is investing $4b to rollout electric cars in the US, Japan and select Western European markets at the end of this year, but despite being committed, Ghosn insists that […]

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Japan Says Sayonara To Subsidies, Should Slump Sharply http://www.thetruthaboutcars.com/2010/09/japan-says-sayonara-to-subsidies-should-slump-sharply/ http://www.thetruthaboutcars.com/2010/09/japan-says-sayonara-to-subsidies-should-slump-sharply/#comments Wed, 08 Sep 2010 08:36:43 +0000 http://www.thetruthaboutcars.com/?p=365021 After 13 months of rising car sales, Japan is looking into a deep, dark abyss. A government subsidy program will end any minute. Officially, the program runs through the end of September, but the funds have dried up. As of Monday, around 10.2 billion yen ($122m) were in the kitty. That’s about a day’s worth […]

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After 13 months of rising car sales, Japan is looking into a deep, dark abyss. A government subsidy program will end any minute. Officially, the program runs through the end of September, but the funds have dried up. As of Monday, around 10.2 billion yen ($122m) were in the kitty. That’s about a day’s worth […]

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Japan: Cities Will Pay You To Buy A Car http://www.thetruthaboutcars.com/2010/08/japan-cities-will-pay-you-to-buy-a-car/ http://www.thetruthaboutcars.com/2010/08/japan-cities-will-pay-you-to-buy-a-car/#comments Sat, 21 Aug 2010 12:07:07 +0000 http://www.thetruthaboutcars.com/?p=363446 The Japanese auto industry is staring at the calendar like a rabbit at the snake. October 1, the rabbit will be dinner. October 1,  government subsidies for purchases of “environmentally friendly vehicles” (read pretty much any new vehicle that passes Japanese rules) will be no more. According to popular wisdom, come October, the Japanese new […]

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The Japanese auto industry is staring at the calendar like a rabbit at the snake. October 1, the rabbit will be dinner. October 1,  government subsidies for purchases of “environmentally friendly vehicles” (read pretty much any new vehicle that passes Japanese rules) will be no more. According to popular wisdom, come October, the Japanese new […]

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Sky To Fall Down In Japan http://www.thetruthaboutcars.com/2010/08/sky-to-fall-down-in-japan/ http://www.thetruthaboutcars.com/2010/08/sky-to-fall-down-in-japan/#comments Mon, 09 Aug 2010 17:37:41 +0000 http://www.thetruthaboutcars.com/?p=362500 Everybody in the Japanese auto biz (and who’s not in the auto biz in Japan, except my friends who, but that’s for another day), everybody in the Japanese auto biz has their eye on the sky. Why? Because the sky is soon to drop. On September 30, government subsidies for purchases of “environmentally friendly vehicles” […]

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Everybody in the Japanese auto biz (and who’s not in the auto biz in Japan, except my friends who, but that’s for another day), everybody in the Japanese auto biz has their eye on the sky. Why? Because the sky is soon to drop. On September 30, government subsidies for purchases of “environmentally friendly vehicles” […]

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