Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

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Nov 6 3:59 PM EST

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To: Hawkeye who wrote (3716)	1/28/1999 11:57:00 AM
From: Hawkeye	Read Replies (1) of 5827

01/27/1999 - Tokyo to Halve Taxes on Hybrid EVs, Cleaner Cars Tokyo, Japan - The Tokyo Metropolitan government plans to cut taxes on hybrid-electric vehicles and other low-emission cars by as much as half - while raising taxes on cars 10 or more years old, reports Nihon Keizai Shimbun. The action marks the first time a local government in Japan has tied the taxes to environment-related criteria. Under the program, which begins in April, buyers of hybrid EVs or other cars that use electricity, natural gas, methanol or other clean fuels will receive a 50 percent cut in their annual vehicle registration taxes for a three-year period. Those buying vehicles that run on gasoline or diesel that meet specified emissions targets will receive 30 percent cuts. Owners of the older cars will see a 10 percent increase, beginning in 2001. Officials project 22,000 vehicles will be eligible in fiscal-year 2000, then 350,000 by 2001.

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