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a siegel: I've long believed that property tax on vehicles should be, in part at least, based on fuel efficiency/engine size to help lower that long term demand.

China to raise car tax to spur fuel efficiency
Updated: 2006-03-22 17:31

China will adjust its tax rates on automobiles, motorcycles and rubber tires. China's government said it will adjust its tax rates on automobiles, motorcycles and rubber tires to encourage the use of vehicles with smaller engines that burn less fuel.

Beginning on April 1, the top tax rate for automobiles will be raised to 20 percent from 8 percent for vehicles with engine displacements larger than 2 liters, according to a statement posted on the Ministry of Finance's Web site.

The government of the world's third-largest vehicle market is trying to encourage consumers to choose cars with smaller engines to cut fuel consumption as rising incomes and falling car prices make cars affordable to more people. Individual vehicle ownership more than doubled to 13.65 million units in 2004 from 6.25 million in 2000, according to the China Council for the Promotion of International Trade.

... all progress depends on the unreasonable mensch.
(apologies to G.B. Shaw)
by marco on Fri Jun 20th, 2008 at 05:12:43 AM EST
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