Posted on 10/18/2015 7:33:25 AM PDT by Olog-hai
The government has defended its move to gradually phase out tax breaks on electric cars as a way to make things fairer for car owners, but the maker of Denmark’s most popular electric model has slammed the plan as anti-competitive and a death knell for the industry.
A political agreement reached on Friday afternoon will see tax breaks on electric cars phased out over the next five years.
As a result, the costs of some popular electric models will skyrocket. The hardest hit will be the luxury model Tesla S P85D, which will more than double in price from 875,000 kroner today to 1,807,100 kroner in 2020.
The Venstre government defended the move by saying that the Tax Ministry misses out on 650 million kroner per year by not applying Denmark’s 180 percent car registration tax to environmentally-friendly electric vehicles. The Social Democrats, Danish People’s Party and Social Liberals (Radikale) supported the phase-in of the tax on electric vehicles. …
(Excerpt) Read more at thelocal.dk ...
Will there be a Denmark next year?
This entire thread should be pulled instantly, if not sooner.
A 180% TAX on “luxury cars”? A guy like Bernie Sanders will jump on this way to “stick it to the rich” and make it a lead in his so-called platform.
Within a year the American auto industry vanishes and all new cars are stripped down imports.
The UAW, naturally, will back Sanders “brilliant” idea.
Not if the EU has its way. The centralist Danes are helping that along.
Without massive tax subsidies, Musk can’t sell his expensive status symbols.
Even rich people sometimes do math.
If a corporation can’t exist without government subsidies and tax incentives, then it should be allowed to die a natural death.
Never happen here. Nah!/snicker
Denmark has run out of other peoples money to fuel their socialist utopia. Something new comes along, tax it!
“We will contact the EU because we believe that the electric car agreement is anti-competitive and singles out Tesla.”
How TWISTED can a society get? Getting rid of subsidies LEVELS OUT the playing field. If Tesla has a product that is useful to people and reasonably priced, then why should they need subsidies?
It’s one thing to do that on one hand and charge the so-called “full registration tax” on the other. Registration tax exemption isn’t a subsidy in and of itself.
No. The costs, which includes taxes, remains the same. What changes is the government will no longer subsidize the tax. The purchaser will pay it.
Whether or not the tax is appropriate is an entirely separate issue...and one which applies to all vehicles.
Bernie said we should be more like Denmark at the debate and Hillary said we can’t be just like them. A Hillary plant put this news out. (The news article itself)
If a corporation can’t exist without government subsidies and tax incentives, then it should be allowed to die a natural death.
Good point. I think that it’s great to see advancing technology such as is found in the case of electric cars.
However, I also think the free market should determine whether these cars are viable. Let’s see if there is really a market for electric cars.
Let’s see if some of the enviro activists are willing to pay the true cost of an electric car, and if there are enough of them for a company in the electric car business to make a go of it. That’s just capitalism at work. Let capitalism work and see if there is a real unsubsidized market for electric cars.
The forgotten rule when expecting a handout from government; “When it giveth it eventually will also take it away”
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