Electric Cars now VAT free in Iceland

Electric Cars in Iceland now VAT free The Icelandic Government has decided to remove VAT on electric cars to bring EV costs in line with ICE prices. We don’t believe that Governments should be promoting EVs and Hybrids by giving tax breaks to buyers. In a country like the UK – and most other countries – promoting EV cars at the taxpayers expense is a nonsense.

Toyoda testimony: As automaker grew, safety suffered

Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.

GM stokes El Camino gossip . . . again

Let the rumors of a new U.S.-market El Camino begin to swirl once again. It was Mark Reuss, president of GM North America, who opened the floodgates, commenting to www.drive.com.au, an Australian car site. “I've lived in Australia, and I've seen where fuel prices are $5 a gallon,” Reuss said.