The EV Board wants a 3-tier excise tax on electric cars: locally made with high local content pays the lowest rate, imports pay the highest, and the top rate would exceed today's 10%. No figures are set yet. The Finance Ministry and Excise Department are to finalise by September, then send to the cabinet. Imported EVs are the first tier to be taxed. Also planned: sub-committees on battery management, end-of-life vehicle disposal and charging stations, plus commercial EVs (buses, pickups, motorcycles). If you import or sell EVs, or supply auto parts, price and sourcing plans should allow for a higher import tax; the grace period is still under discussion.
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