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Isreal: Steinitz: Tax on on hybrid, electric cars to drop

Purchase tax on electric vehicles will decrease from 10 percent to 8% on June 1, before returning to 10% in 2014 and rising to 30% in 2015. Photo: Courtsey of Toyota Finance Minister Yuval Steinitz decided Sunday to reduce the purchase tax on hybrid and electric vehicles, introducing it as part of the Tax Authority’s “green taxation” policy

Purchase tax on electric vehicles will decrease from 10 percent to 8% on June 1, before returning to 10% in 2014 and rising to 30% in 2015. Purchase tax on hybrid vehicles will remain at 30% in 2013 and increase to 45% in 2014, instead of rising to 45% and 60%, respectively, as originally planned
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