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Russia could cut car tax on new automobiles

YELABUGA, Russia, May 27 (Reuters) - Russia could give regions the right to cut taxes on new cars that have lower carbon dioxide emissions, Industry Minister Viktor Khristenko said on Tuesday.

“We need to create stimuli by cutting several types of tax -- for example the transport tax for the owners of automobiles of a high ecological class,” Khristenko told reporters in the town of Yelabuga in the Russian republic of Tatarstan.

Ministers hope the measures could boost demand for new cars assembled in Russia and cut emissions.

Russia's biggest car maker, AvtoVAZ AVAZ.MM, which has an alliance with Renault RENA.PA, wants to revive the outdated Lada brand and take a chunk out of Russia's car market, which is set to become Europe's biggest. (Reporting by Denis Dyomkin, Guy Faulconbridge, editing by Elaine Hardcastle)

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