The proposals for taxes on Euro 4 cars are as follows: EUR483 for a one-year old car with a 1,400 cc engine; EUR399 for a car with the same engine, but three years old; EUR1,326 for a two-year old car with a 2,000 cc engine. The taxes on cars with Euro 3 engines will also be increased as of 2011: a car with a 1,400 cc engine will incur a tax of EUR998 if it is seven years old, EUR880 if it is eight years old and EUR665 if it is ten years old.
Borbely said the ministry wants to support producers and buyers of electric or hybrid cars, so they are exempt from registration taxes. "Plus, we're working on introducing an incentive for producers of electric cars," he said.
Last week, Borbely said the Government will not make significant changes to the vehicle pollution tax in 2011, but it will introduce a tax on Euro 5 vehicles, since only engines adhering to that standard would be produced. Agerpres, , Mediafax, Romanian Global News,Vancouver Sun,Financial Times,Le Monde,Tribune,Financial Times,Wall Street Journal,The Washington Times,Athens News,The New York Times,USA Today
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