Posted on 12/24/2019 4:55:00 AM PST by karpov
No excerpt from Bloomberg allowed, story here.
Is that the fee on top of the vehicle price?
Yes, it’s a tax.
Omg!
Per vehicle? At time of purchase? Yearly? Useful information that would tell us if the government of France is mildly or severely insane.
This tax, imposed by the Left in the name of climate change, will do nothing but weaken France economically by especially burdening small business. It will lead to more poverty, social unrest and political instability.
America is one election away from this catastrophic nonsense.
Something doesn’t add up in that story.
$22,400 dollars is $20,000 Euros, a princely sum, I may add.
Then they say that SUVs are 30% of sales
Finally, though, they say that the tax should yield $50 million Euros.
Here’s the problem. If the tax of $20k Euros only yields $50M, then only 2,500 SUVs are expected to be sold...but if SUVs are 30% of vehicle sales in France, then the TOTAL number of vehicles sold in France would be about 8,000 per year. Sorry...doesn’t work, the Left hasn’t (yet) gotten that far in eliminating motor vehicles, not even in Europe (although who knows in 10 years).
From another article:
France’s government presented on Friday a new set of penalties for polluting cars circulating on the country’s roads.
The new fees are part of France’s “bonus-malus écologique” which is an environmental tax system in France that sees drivers taxed more heavily according to how much CO2 pollution their vehicle emits.
As of January 1st 2019, SUV’s (Sport utility vehicles), big sedans and other large cars will be slapped with penalties of between €50 to €10,500 depending on their polluting level, fines that in fact already exist.
The difference is that the emission threshold for cars will be lowered by 3 grams, from 120 to 117 grams of CO2 released per kilometer.
That means the number of cars penalized is likely to rise from the current 16.5 percent to 27.6 percent in 2019, unless there’s a considerable switchover to less polluting cars by the French public.
The average penalty fee will also almost triple from €50 to €145.
Vehicles that release 140g of CO2 per km will see owners having to cough up €1,050 in their next vehicle registration, €5,113 if it’s 154g/km and €10,500 if it’s 185g/km and over.
https://www.thelocal.fr/20180720/france-tightens-grip-on-polluting-cars-with-stricter-eco-tax
See #10.
Interesting thx
see #10.
Thanks Moon, that makes a bit more sense - so far not a deal killer, but we’ll see where it goes.
They will probably fix that, to include all of them.
If older SUVs are grandfathered in the French fleet of SUVs will look like Cuba’s. Old pollution belching behemoths will be the unintended consequence.
I would argue that the tax is more like a Brexit shortfall tax. Someone has to make up the revenue losses from the UK.
Suburbans, Tahoes, escalades, Expeditions...
All four door American pickups.
It’s an anti american tax
I wouldn’t be surprised if only the wealthy buy them anyway; just had some European friends visiting (including a mechanic), and they said many of the larger vehicles here are only seen in movies there.
The French don’t have children so they don’t need big cars. But that leaves the question of how their Muslim successor population will get around.
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