Goods And Services Tax Case Study

The United States of America is one of the biggest automobile markets in the world. This trend has also created awareness for environmentalist to bring attention to rising level of pollution and emission within the cities and metropolis. As response, the U.S. Government is encouraging the automobile manufacturers to produce clean and renewable alternative vehicles that will drastically reduce pollution and emission. Subsequently, the automobile industry has witnessed a gradual introduction of environmental friendly vehicles that use clean and renewable energy to encourage less pollution and safer environment. The manufactures of these vehicles have introduced into the market three categories of electric passenger car

Firstly, the decline of oil prices in 1996 decreased the price of substitutes to the EVs and increased demand for traditional cars. In addition, the oil lobbyist’s blocking of recharging infrastructure limited important complements for a viable EV market.

Experts believe battery packs need to reach a price of $100/kWh for EV growth to take off. When this battery price point is reached, the vehicles may be competitively priced against ICE cars without the need of tax credits or government incentives. Current top model EVs are priced between $30000-$40000 and the battery pack currently makes up ¼ of that price. Between 2010 and 2016, battery pack costs were reduced 77% from $1000/kWh to $227/kWh. Tesla has been producing packs for $190/kWh since early 2016 and expects a further 30% reduction once full operations begin at their Gigafactory – putting them on track to reach the $100/kWh price point before their credits run out in 2020. GM claims its 2017 Chevy Bolt battery cells will be made for $145/kWh (roughly $190/kWh at the pack level). Original Department of Energy targets were for $300/kwh by 2015 and $125/kwh by 2020, but many companies have been lowering costs at a faster pace annually than could have been expected. Companies are improving battery technology at rapid rates and it looks like many manufacturers will be below the price parity level before their tax credits phase out.

A 10 percent electric requirement will have an impact upon car sales in our state. At present, vast majority of the cars sold in state XYZ are not electric. There will be an added incentive for dealerships to offer more electric cars, but given these vehicles' greater expense and the fact that not all brands of electric cars are equally popular, it will also mean that the law will have disproportionately beneficial effect upon car manufacturers that have made substantial investments in electric vehicles, such as the GM's Chevy Volt. However, there might be some overall benefits for the economy and the automobile industry even for manufacturers that have not emphasized such cars. Dealers might profit from increased sales of costly electric

Electric cars have always been a thing of the future. The promise of a “green” mode of transportation is something that most people would love to have. Until recently, only a few manufacturers have even attempted the mass production of electric vehicles. The early attempts by General Motors (GM) in the 1990’s to mass produce electric cars mostly ended up in failure. Electric car customers were forced to deal with long re-charging times, a much lower range compared to gasoline powered cars, higher vehicle costs, and limited model styles to choose from. Though some were willing to make these sacrifices, the vast majority were not, which ultimately led to the end of electric vehicles 20 years ago.

The subject of electric vehicles has been very popular of late. There have been many articles written, and research done, to scrutinize the on-going use of combustion vehicles while convincing the populous that electric vehicles are the wave of the future for transportation needs. Sales of electric vehicles have proven this true. Over the past five years, the number of electric vehicle sold has increased dramatically. According to the Electric Drive Transportation Association, in 2010 the number of Plug-In vehicles was only 345. The number of Plug-in vehicles -

Electrical vehicles technology has been present for a while and is a proven technology that need only reshaping to meet the global need. Though, in the past, the technology had failed to compete with the internal combustion engine due to initial cost, the technology has done well in the past few years. Electric vehicle ability to reduce the emission of greenhouse gases like carbon and carbon dioxide and the advantages it enjoys such as low maintenance and running cost can enhance it market competitiveness. However, as experts try to make its charging system more efficient and its ability to store charge more long lasting, the global need continue to rise. The research proposal, therefore, aim at addressing an issue like government involvement can enhance improved use of EV, development of better EV batteries, energy management system and fast charging can help enhance the use of Electrical Vehicles and how electric vehicle drive train and the battery can be redesigned to make it affordable.

With the advancement of technology, electric cars like the Tesla Model S and the Nissan Leaf can travel to very far locations strictly using electricity. The Tesla model S has a range of roughly 300 miles. The Nissan leaf has a range of 126 miles per gallon. With zero gas consumption and not having to visit service shops for oil changes. The rechargeable batteries used by electric cars are nearly 98% recyclable, which eliminates battery disposal problems. Although you will spend more on an electric car, the amount of money you save on gas and maintnence repair will keep your money in your pocket. The government actually offers a $7,500 tax credit for every person who purchases and electric car. Even when electric cars are powered coal fired energy, they still produce 40% less gas emissions than fuel powered cars. “ We need more electric vehicles on the road,” says the Senior Program Manager for Environment America’s Global Warming Solutions. It is a necessity for our leaders and the car industry to create electric cars that are as cost efficient and convenient as cars that run on oil. The technology needed to produce electric cars is available. Car companies must use this technology to produce a wider model market for them. All car companies should work together rather than compete against one another to replace traditional gas powered cars. Nissan,

The Majority of vehicles used to this day utilize gasoline for their primary source of fuel. Because of this, electric vehicles have faced a decline in the future of their industry due to natural physics that exists in the world. Although many of the electric vehicles offer benefits, petroleum vehicles naturally outperform the electric run vehicles. This is the result of the technology of electric vehicles due to its battery capabilities, performance, impact on the environment, and the financing of the car.

It is said that these Electric cars will make you save more money, but it is making an environmentally conscious decision. The EV’s will have lower lifetime cost, and as for the batteries they will become more affordable too. If the production of EV’s keep up , more prices will drop from fueling research to more productive batteries, charging stations, money saving, and most importantly saving the environment.

The relatively higher cost of EVs has held the market back from fully competing with conventional vehicles. The cost of batteries is the primary factor behind PEVs’ high label price. Batteries make up roughly one-third of the cost of today’s electric vehicles. Further more, electric vehicles require batteries with both high endurance and power, and there is often a tradeoff between these capacities. The term battery pack has been used in to refer to battery of electric vehicles. According to Wikipedia, “Components of battery packs include the individual batteries or cells, and the interconnects which provide electrical conductivity between them”. Battery pack technology has been one of the main interests of automobile companies since configuration

For the purpose of this paper, CO2 emissions will be focused on, as CO2 is the most abundant greenhouse gas after water vapour.5 The CO2 emissions of the electrical generation methods will be compared to the emissions of the internal combustion engine. Due to the emissions created by an electrical power plant, the power used to run the electric vehicle must be produced in a sustainable manner if an electric car is to be truly sustainable in comparison to the internal combustion engine car. This leads to an analysis of the different types of power generation –coal, oil, natural gas, geothermal, nuclear fission, wind, and hydro. Each are analysed to determine which gives off the least amount of CO2, therefore assigning a

Although low-carbon regulations and incentives have accelerated the use of low carbon vehicles, there are many challenges for the popularity of electric vehicles. The high prices of hybrid or electric vehicles are still a problem so that customers likely are not willing to purchase them. The high price probably is due to expensive cost which is impacted by an electric vehicle power. According to Deaton (n.d.), the expensive cost of the battery is the most serious problem to reduce the price of the electric vehicles. The battery manufacturer has to use expensive materials to produce an electric car for low-carbon vehicles. If the vehicle manufacturer wants to improve the low-carbon vehicles sales, the challenge of the low-carbon vehicle power is inevitable. The other thing closely related to the battery is the charging station. An electric charging station is an important

Cars have become the most common form of transportation that individuals use in their day-to-day lives. Not only is there a selection of brands to choose from, there are also different types of cars available to purchase, those being gasoline fueled, diesel fueled, electric, and hybrid cars. Each car comes with a vast amount of differences, besides the obvious power source. As well as the differences, each car also comes with its advantages and disadvantages. However, as time has progressed electric cars have become more popular and in demand. But of course with each popular and in demand item, there will certainly be pros and cons.

Goods and Services Tax (GST) is the current topic which is continuously in flash under the scenario. First of all, we have to understand the meaning of GST. Goods and Services Tax (GST) is a comprehensive VAT system which will ultimately ensure flow of uninterrupted credit among different sectors whether in manufacturing of goods, sale or consumption of goods and services. It is one indirect tax which will be levied on the supply of goods and services at the national level which will make the entire nation (India), a single or common market. Almost all indirect taxes will be eliminated, once GST comes into power. One of the most basic feature of Goods and Services tax is that consumers will have to pay the tax for one time at the final level of the transactions on the supply of goods and services but not at the various levels. The thing which is more interesting about Goods and Services Tax is that it will avoid both ‘cascading effect’ and ‘multiplicity’ of tax. Here, the word ‘cascading effect of tax’ means paying of tax on tax which is already paid on previous purchase