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Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in ...
The program is aimed to promote the sale of 400,000 electric vehicles. The cost of the purchase incentive is shared equally between the government and automakers. Electric car buyers get a €4000 ( US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 ( US$3,390 ).
The main federal incentive for consumers to purchase fuel efficient vehicles is to give tax credits. States also have their own incentive programs to further incentivize fuel efficient vehicles in their own states. These incentives range from more tax credits, to discounts on insurance, to price reductions on car registration fee's.
To do so, two countries will be crucial: Hungary and Mexico. While neither is a vast car market, they could serve as gateways to Europe and North America, bolstering the company’s quest to truly ...
Car rental. A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy ...
That’s concerning because Mexico has a free trade agreement with the U.S. and Canada (the USMCA). Among the Chinese EV makers scouting locations in Mexico are BYD , Chery, and MG, reports the ...
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