Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Denmark’s Green Plan Could Raise Tesla Prices by Nearly a Third

Published 09/25/2020, 08:15 AM
Updated 09/25/2020, 08:36 AM
© Reuters. Denmark’s Green Plan Could Raise Tesla Prices by Nearly a Third

(Bloomberg) -- Denmark’s latest proposal to reduce carbon emissions could see the price of a premium Tesla (NASDAQ:TSLA) Model S rise by nearly a third.

The Social Democrat government wants to see at least 500,000 electric cars on Denmark’s roads by 2030 to help reach the goal of cutting carbon emissions by 70% compared to 1990 levels.

The plan put forward by the government on Thursday includes a series of tax hikes on fossil fuels, trucks and conventional vehicles. But in the name of equality, taxes are also set to rise for the more expensive electric cars.

According to the government’s own calculations, the price of a premium Model S would rise from 830,000 kroner ($130,000) to nearly 1.1 million kroner, an increase of 31.4%.

 

 

Latest comments

Better rise Tesla stock twice !!!
Typical Danes ... 🙄😤
One big assumption is made in this article and that is that they are going to buy Tesla. If I was a betting man I'd say that they are not, they are expensive and ugly but more importantly than that, when it is time to really switch, the "PROPER" car maker will make electric cars and Tesla as it is now in terms of cars will be insignificant.
interesting thoughts, at least they get serious competition, and Tesla need improve designs, it looks dull, Audi, BMW , more exciting, and folks prefer different design, so, Competition, also , is there enough rare metals?
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.