The Greek car market positively reacted to the Greek government’s plans ot change car taxation. The local automobile industry favorably views the Finance Ministry’s plan to link car taxation to the pre-tax retail value of cars instead of the current system that links the value to power.

The new rules will mean higher registration fees for expensive cars and lower fees for cheaper cars as well as another environment fee for older technology cars that are aged more than 20 years.

The ministry has yet to make the final proposals, however on a first level, the local industry believes that plans, such as exemptions to circulation fees for cars using the latest environment-friendly technology, are steps in the right direction.