Numerous independent industry reports have pointed to a marked increase in new passenger car registrations during the first few months of this year, compared to the same timeframe last year. The Chief Executive of Hertz has publicly attributed this surge to a recent rise in excise duties imposed on combustion engine vehicles. However, the specific figures behind the registration increase and the exact nature of the duty changes have not been disclosed, leaving open questions about the extent and other possible influences.
Hertz CEO Ties Registration Increase to Excise Duty Hike
Key Points
- Passenger car registrations increased markedly in the first part of this year.
- Hertz CEO attributes the increase to higher excise duties on fossil fuel cars.
- Specific figures and duty change details remain undisclosed.