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Tax incentives set to accelerate EV adoption and curb pollution
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Tax incentives set to accelerate EV adoption and curb pollution
In a draft National Assembly (NA) resolution on extending special consumption tax (SCT) rates for battery-powered vehicles, the Ministry of Finance (MoF) has proposed continuing tax incentives for various categories of electric vehicles (EVs). According to the MoF, maintaining preferential tax policies for battery-powered vehicles with fewer than 24 seats could deliver a number of positive impacts. First, it would help accelerate the tr…
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