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There is no emission restriction of the new car to be bought. Since 2010, one person can scrap up to three cars and/or use the same amount of vouchers in exchange for a new one, but in 2012 this was dropped. In 2014, the value of the voucher was raised to 6,500 lei and the age of the car reduced to eight years. Number of cars traded
Hong Kong does not have import tax for cars, however, the first registration tax is high. And the first registration tax rate is progressive, which means a higher price car will fall into a higher tax bracket. Since the used car values are mostly lower than new cars of the same model, used car can enjoy a lower tax rate due to depreciated car ...
Honda Cars Philippines Inc. (HCPI) was established in October 1990. Under the Philippine government's Car Development Program, production operations commenced in February 1992, in their Santa Rosa, Laguna plant. To date, HCPI is a team of over 600 associates, working with 38 dealers nationwide and about 60 parts and materials suppliers.
In order to regulate and license of operators for motor vehicles in the Philippines, Act No. 2159 was enacted in 1912 under the American colonial Insular Government. This was the first formal law on land transportation in the country. It created the Automobile Section under the Administrative Division of the Bureau of Public Works. [5]
The Philippines' automobile industry started during the American colonial period from 1898 to 1946, with the introduction of American-made cars, which have been sold in the Philippines ever since. An import substitution policy was developed for the 1950s, which led to the prohibition of and then punishingly high tariffs on the import of fully ...
Humanitarian Voucher Assistance. describes assistance provided in the form of a paper voucher or e-voucher that can be exchanged for a set value, quantity and/or type of goods or services, denominated either as a currency value (e.g., $15), a predetermined range of commodities (e.g., fruits and vegetables) or specific services (e.g., a medical ...
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Furthermore, through the cash-for-clunkers program (scrappage program), those who wish to purchase an electric car will receive vouchers of over €5,000 total in return for their used car. [168] For hybrid vehicles, with or without plug-in capabilities, a €550 grant is offered, plus an additional €160 grant for hybrid vehicles emitting ...