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new york city pensions face pressure to divest from tesla holdings
Justin Brannan, a Democratic City Council member and comptroller candidate, is pushing for NYC pensions to divest from Tesla, which holds over $1.2 billion in investments. He argues that Elon Musk's actions, including job cuts and funding clawbacks, threaten the city's economy and retirees' financial security. The divestment process is complex, requiring collaboration with pension boards, but experts believe it can be achieved with persistence.
Zimbabwe cuts electric vehicle import duty to boost eco-friendly transport initiatives
Zimbabwe's Finance Minister announced a reduction in import duty on electric vehicles from 40% to 25%, effective January 1, 2025, to promote eco-friendly transportation. Additionally, a rebate on equipment for solar-powered EV charging stations will also be introduced, enhancing the feasibility of such projects in off-grid areas. However, the budget also includes new taxes, such as a 0.5% Fast Foods Tax, which has sparked public discontent amid an already high tax burden.
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