Tax Breaks on Plug-In Vehicles Cost Netherlands $688 Million in 2013
While plug-in vehicle buyers benefit from various tax breaks offer around the world, treasury departments don’t.
It’s being reported that in the Netherlands, the generous plug-in vehicle purchase incentives that expired at the end of 2013 cost the Dutch treasury dearly.
Last year alone, the treasury department in the Netherland is estimated to have spent $687,550,000 USD in tax breaks for the 22,000 eligible vehicle purchased in 2013.
This figure is way higher than anticipated due to a late-year run on plug-in vehicles.
As Dutch News reports:
“In December alone, more than 2,000 Volvo V60’s, almost 5,000 Mitsubishi Outlanders, over 700 Opel Amperas and 577 fully electric Teslas were bought as owners tried to beat the tax change deadline.”
Those incentives are now gone and the plug-in sales numbers have cooled off, but for automakers like Mitsubishi who sold thousands of Outlander PHEVs late last year, timing was crucial.
In just December of 2013, almost 9,500 plug-ins were sold. Since then, about 3,500 more have been registered in the first 3 months of 2014.
Bovag spokesman Tom Huyskens told the Dutch News:
“It is very odd that Mitsubishi sent its entire worldwide production of the Outlander PHEV to the Netherlands…”
Nope…it’s not odd. It’s a wise move by Mitsubishi. Unfortunately, the side effect is that the US is still without the Outlander PHEV.
Source: Dutch News