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EUROPE: "Indirect Tax Traps: Supplying Goods to the Customers in the EU and Elsewhere" review

EUROPE: "Indirect Tax Traps: Supplying Goods to the Customers in the EU and Elsewhere" review. 3-page review by DLA Piper.

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back to index backEUROtalk November,  2016


The German Auto Industry Is Finally (Maybe) Done With Gas

It’s inevitable: The age of the internal combustion engine is ending. Growing demand for cleaner, greener transport means the fossil-fuel burning powerplants that humanity has relied on and refined over the last century are on the way out. But, like so many great dynasties, it’s leaving a power vacuum in its wake. Auto manufacturers the world over are scrambling to figure out what comes next.

The best place to find the future of the automobile? Its homeland. 130 years after Karl Benz patented a three wheeled vehicle powered by a single cylinder engine, Germany is home to 41 car and engine plants, which make one in every five cars sold worldwide. Cars represent the country’s biggest industry. German giants BMW, Porsche, Audi, and Mercedes-Benz have changed the shape of the world by exploding gasoline.

Yet last week, the country turned its back on that history. The Bundesrat, which represents German states at the federal level, voted to ban all diesel and gasoline cars by 2030. Yes, in just 14 years, the country wants all new cars to be emissions-free.

OK, it’s a non-binding resolution, and India, the Netherlands, and Norway already have similar proposals on the books. But considering the importance and significance of Germany’s auto industry, it’s the boldest proposal yet.

Gone Electric

From the outside, the automakers seem ready for the change. At this year’s Paris Motor Show, Mercedes showed off a battery-powered concept SUV, the first in a coming line of electric cars. Since VW admitted to selling 11 million over-polluting diesel cars, it can’t say enough about EVs. BMW Chairman Harald Krueger said last week his company will systematically electrify all its brands and model series, starting with a new Mini-E and an electric X3 crossover.

To read entire article, please click here.

Source: WIRED
- GAI





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