Knesset committee rejects Treasury bid to hike electric vehicle purchase tax to 52%

Knesset committee rejects Treasury bid to hike electric vehicle purchase tax to 52%

The Knesset Finance Committee on Tuesday rejected a Finance Ministry proposal to raise the purchase tax on electric vehicles from 45% this year to 52% in 2026.

Last year, the tax stood at 35% on the price of a car. It rose to 45% in…

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