As a rule of thumb, it’s good economics and good politics to tax the things you want less of and subsidise the things you want more of. That is why the Australian government raises so much tax from alcohol and tobacco, and why the Victorian government’s electric vehicle tax is the dumbest idea since Tony… Continue reading Taxes on electric vehicles will slow Australia’s progress. It’s not complicated | Richard Denniss
Author: The Guardian Online News
A trade drop of a quarter is just the start of Brexit ‘teething problems’
Teething problems? Bumps in the road? The consequences of adjusting to life outside the EU in the midst of a pandemic are starting to become clear. Official figures show a drop in EU trade of almost a quarter at the start of 2021 compared with the same period three years ago. Far from the “minimal”… Continue reading A trade drop of a quarter is just the start of Brexit ‘teething problems’
6.5m households in UK plan to buy an electric car by 2030
One in four UK households intend to buy an electric car in the next five years, as a ban on the sale of new petrol and diesel vehicles in 2030 approaches, according to research. More than 6.5m households plan to buy an electric vehicle or plug-in hybrid, research by the energy watchdog Ofgem has found.… Continue reading 6.5m households in UK plan to buy an electric car by 2030
Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi
Carlos Ghosn, the fugitive automotive executive, has been ordered to repay £4.3m to Nissan and Mitsubishi by a Dutch court after he failed in the first step in a legal claim. Ghosn led the Japanese carmaker Nissan and France’s Renault in an alliance, before falling from grace spectacularly. At the end of 2018 he was… Continue reading Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi
Lamborghini plans to electrify entire range by 2024
Lamborghini has announced plans to produce only hybrid electric supercars by 2024, becoming the latest sports car producer to shift away from polluting internal combustion engines. The Italian supercar company announced on Tuesday it was investing €1.5bn (£1.3bn) in hybrid and all-electric vehicles. The brand, which is owned by Volkswagen, said its current models –… Continue reading Lamborghini plans to electrify entire range by 2024
Jaguar Land Rover makes £860m loss after strategy rethink
Jaguar Land Rover made a loss of £860m for its full financial year after its new boss wrote off £1.5bn in a strategy rethink, despite a recovery in sales since the slump at the start of the coronavirus pandemic. JLR would have made a £660m profit in the year to 31 March if not for… Continue reading Jaguar Land Rover makes £860m loss after strategy rethink
Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’
Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research has found. By 2026, larger vehicles such as electric sedans and SUVs will be as… Continue reading Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’
Aston Martin halves losses in first quarter as its SUV sales soar
Aston Martin Lagonda’s losses more than halved in the first quarter as sales of its first-ever sports utility vehicle (SUV) accelerated, especially in markets such as China. The luxury carmaker – which will get a significant marketing boost later this year as James Bond’s car of choice when the next film in the spy franchise… Continue reading Aston Martin halves losses in first quarter as its SUV sales soar
UK car sales recover and van registrations hit April record; eurozone ‘pulling out of recession’ – business live
Rolling coverage of the latest economic and financial news Latest: Van sales hit April record last month Eurozone pulling out of recession as PMI rises UK car sales show ‘light at end of tunnel’ in April 141,583 cars registered – up from 4,321 in April 2020 lockdown But, April figures still weaker than average Markets… Continue reading UK car sales recover and van registrations hit April record; eurozone ‘pulling out of recession’ – business live
VW, Audi and Skoda owners angry over fault in SOS warning system
The Volkswagen, Audi and Skoda group has been accused of knowingly selling cars with defective SOS warning systems that in some cases failed before the new owner had left the dealership. Since 2018 all new cars sold across the EU have been required to have an eCall system that automatically contacts the emergency services with… Continue reading VW, Audi and Skoda owners angry over fault in SOS warning system