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TAXATION AND SCRAPPAGE REPORT
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European and US markets have a diverse range of Taxation and Government Incentive Schemes affecting the new car market!
In a measure to counter the effect of the global economic slowdown on the motor industry a number of countries have introduced Scrappage schemes. The scheme in Germany in particular has seen new car registrations rise considerably, benefitting the manufacturers of low-cost cars.
The taxation schemes of many European countries already include a car’s official CO2 emissions in determining the amount of tax paid by the cars purchaser or user. The EU has issued a directive that all member states must include a CO2 element in their car taxation schemes. This has affected the customer’s choice of car, with higher-CO2 cars falling out of favour.
This report is a review of European big 5 markets (France, Italy, Spain, Germany, UK) and the US, and does not explain how each taxation system works in detail, but focuses on how these tax regimes affect the vehicles people choose to buy, and how changes in taxation can change people’s, and companies’ purchasing preferences.
This report is available now for £499 or €699. To download an extract, please click on the following link:
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