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Policies

Inovar Auto

Source: International Energy Agency
Last updated: 5 November 2017
Inovar-Auto provides these incentives in two ways. It first increases a tax on industrializedproducts (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 theircorporate average vehicle efficiencyfor new LDVs by about 12% from2012 levels by October/2017 to qualify for the Inovar-Auto program

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