End of Tax Breaks for Hybrid Vehicles Drives Row over Future of EVs

Car dealers face $2b hit from tougher fuel efficiency standards

The surging popularity of hybrid cars is a dilemma for manufacturers and dealers as they grapple with the government’s stricter fuel standards regime.

End of tax breaks for hybrid vehicles drives row over future of EVs

A fringe benefits tax exemption on sales of some hybrid electric vehicles ran out on March 31. Since then, sales have plummeted.

Tax benefits for electric vehicles begin to disappear

QCOSTARICA — Starting today, Friday, June 13, the first adjustments to the tax exemptions applied to electric vehicles in Costa Rica will take effect. The changes will directly affect customs duties and the selective consumption tax, which will go from being completely exempt to paying 25% of their original value. This adjustment is part of the progressive implementation provided for in the Law of Incentives and Promotion for Electric Transporta…