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Fuel Tax Increase * Germany - Biofuel Consumption Hurt by
Demand has fallen by half since government repealed tax exemption
Bonn,Germany -Automotive Digest -November 27, 2009: -- Economic, environmental benefits can come from tax exemptions, tax credits using alternative fuels in vehicles. At its peak, Germany was producing 800M to 1B gallons of biofuel annually... Germany was leading producer of biofuels in Europe... German biofuel industry demonstrating removing those benefits can lead to collapse of maturing biofuels... Germany started taxing biofuels 9 cents per liter in Jan 2008. Taxes have increased in 2009 to 15 cents per liter. Will go up to 45 cents in 2012 or about $1.71 per gallon... Germany estimated that by not taxing biofuel, they were missing out on $3B in tax revenue... Some experts believe many German biofuel plants might be packed up, shipped overseas as biofuel demand plummets... At one time, biofuels made up over 7% of all fuel sales in the country. That share has since fallen to 5%, and will probably go even lower... Norway is moving in same direction, proposing to eliminate their tax exemption status for biofuels... (Photo Credit: DW-World.de - In 2006, rapeseed was grown on about 1.5 million hectares of land in Germany, or 11 percent of the total agricultural land area; approximately 7.0 million hectares was used to grow crops for food)
Labels: taxes policy
posted by Unknown @ 6:42 AM
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