Automotive: Support the Purchase of Hybrid Vehicles
11 years ago - 3 November 2013, Business Magasine
Finding the right formula with respect to the tax imposed on vehicles with low CO 2 . This is the main expectation operators automotive sector. At present, if the emission rate of carbon dioxide is low, the tax rate is. For cons, the higher the emission, the higher the tax imposed is too. The catch is that it only applies to new vehicles.
It appears that the MotorVehicles Dealers Association expects that the measures in the 2014 Budget to strengthen regulations governing tax on hybrid vehicles. That, in order to discourage those acting illegally, but also to encourage the purchase of hybrid vehicles.
In 2009, 43 hybrid vehicles were imported. This figure rose to 1,202 in September 2013, most vehicles are second hand.
For cons, the two-wheeler market was affected by the increase in the tax imposed on big cars in previous budgets. Thus, measures to promote a rebalancing of the market is expected in the next Budget.
