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Isreal: Electric-car buyers to get thousands of shekels in tax benefits from Israeli government

New incentive involves lowering purchase tax on vehicles that pollute less, resulting in a saving of NIS 6,000 to NIS 10,000 for car buyers.

Motorists who buy electric-powered cars and some hybrid cars are to get additional tax benefits in a bid to encourage more Israelis to purchase these greener models, Finance Minister Yuval Steinitz announced on Sunday.

The new incentive involves lowering the purchase tax on certain vehicles that pollute less than standard internal-combustion vehicles, resulting in a saving of NIS 6,000 to NIS 10,000 for car buyers.
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