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Denmark will almost triple the price of Teslas as it phases out tax breaks on electric cars.
The country will also make diesel vehicles more attractive by canceling a pollution levy, according to provisions in the 2016 budget draft. The government is defending the measures by saying they will help businesses save money and create more jobs.
“Things have to be done with reason,” Finance Minister Claus Hjort Frederiksen told reporters after the draft was unveiled in Copenhagen on Tuesday.
As the world looks on in disbelief at Volkswagen’s emissions scandal, Denmark is pushing through policies that will undo the previous administration’s efforts to steer consumers toward environmentally friendly vehicles. One involves extending Denmark’s 180 percent levy to all cars, regardless of their emission levels; another concerns a special tax on Nitrogen-Oxide emissions, which are generated from burning fossil fuels and are more abundant in diesel than gasoline cars.
Phasing out tax breaks on electric cars means the price of a Tesla Model S is set to increase from about 650,000 kroner ($97,665) to around 1.8 million kroner.
The country will also make diesel vehicles more attractive by canceling a pollution levy, according to provisions in the 2016 budget draft. The government is defending the measures by saying they will help businesses save money and create more jobs.
“Things have to be done with reason,” Finance Minister Claus Hjort Frederiksen told reporters after the draft was unveiled in Copenhagen on Tuesday.
As the world looks on in disbelief at Volkswagen’s emissions scandal, Denmark is pushing through policies that will undo the previous administration’s efforts to steer consumers toward environmentally friendly vehicles. One involves extending Denmark’s 180 percent levy to all cars, regardless of their emission levels; another concerns a special tax on Nitrogen-Oxide emissions, which are generated from burning fossil fuels and are more abundant in diesel than gasoline cars.
Phasing out tax breaks on electric cars means the price of a Tesla Model S is set to increase from about 650,000 kroner ($97,665) to around 1.8 million kroner.
Teslas Hit by 180% Danish Tax on Cars as Green Goals Ditched
Denmark will almost triple the price of Teslas as it phases out tax breaks on electric cars.
www.bloomberg.com
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