An interesting package of incentives was recently announced in Dublin, Ireland. "Under a scheme to cut the State's EUR 6 billion annual bill for imported fossil fuels, while at the same time reducing carbon emissions, businesses which purchase electric vehicles will be able to write off 100 per cent of the cost against tax."
Ireland has "a massive renewable wind resource" that helps make this plan feasible. A task-force has been established to work toward a state-wide network of recharging stations. The government will also provide a budget for research and promotion of electric vehicles. The government's goal is for electric vehicles to account for 10% of all vehicles by 2020, which represents approximately 250,000 electric cars over the next 12 years.
1 comment:
'Free' is a misunderstanding of what the ACA means. Corp tax is 12.5%. You can deduct the cost of the cars from what gets taxed.
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