Inovar Auto
Inovar-Auto provides these incentives in two ways. It first increases a tax on industrialized
products (IPI) by 30% for all light-duty vehicles (LDVs) and light commercial vehicles.
Second, it imposes a series of requirements for automakers to qualify for up to 30%
discount in the IPI.2 Automakers need to improve their
corporate average vehicle efficiency
for new LDVs by about 12% from
2012 levels by October/2017 to qualify for the Inovar-Auto program
products (IPI) by 30% for all light-duty vehicles (LDVs) and light commercial vehicles.
Second, it imposes a series of requirements for automakers to qualify for up to 30%
discount in the IPI.2 Automakers need to improve their
corporate average vehicle efficiency
for new LDVs by about 12% from
2012 levels by October/2017 to qualify for the Inovar-Auto program
Want to know more about this policy ? Learn more