France Introduces Annual Carbon Tax on Cars, Etc.
July 1st, 2008 9:27 AM
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Last year, France introduced a system known as "bonus-malus." Under the scheme, people who buy gas guzzlers have to pay a €200 – €2600 penalty. Consumers option for something more "environmentally friendly" get a €200 – €1,000 bonus. Automotive News [sub] reports Environment Minister Jean-Louis Borloo plans to "amplify" the program. Car buyers who purchase "extremely polluting" vehicles will soon pay an additional annual fee. As in carbon tax. Borloo didn't say when he plans to start the [s]extortion[/s] new program. But here's the best part: "Borloo has said in the past that the system of penalties and rewards applied to vehicles could be extended to other products such as electronic goods." Liberté, Egalité, Fraternité!
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The switch to taxing cars based on carbon emissions rather than engine displacement has happened broadly across Europe, not just in France but in many other countries most of whom don't have a car industry. The possible benefit to PSA and Renault is a nice bonus from the French point of view not the raison d'etre of this law. There are plenty of other manufacturers making small cars in Europe who are just as well placed to benefit from this change.
[...] http://www.parkers.co.uk/News/Road-tax/Guide-to-tax-changes/ (new British emissions tax rates) http://www.thetruthaboutcars.com/france-to-tax-guzzlers-annually/ (French “bonus-malus” emmissions tax) [...]
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