Electric vehicle tax cut to be extended

LACKLUSTER SALES:A slump in sales of electric vehicles can be attributed to a lack of battery change stations, which the tax exemption could remedy, a lawmaker said

Taipei Times
Date: Dec 27, 2016
By: Crystal Hsu / Staff reporter

The legislature’s Finance Committee yesterday approved plans to extend tax cuts for electric car sales by another five years to help electric car and parts makers grow and stay viable.

The bill, which must still pass second and third readings, exempts electric motorcycles and cars valued at less than NT$1.4 million (US$43,411) from sales tax from next month to December 2021 to boost sales.

The tax exemption was introduced in 2011 and was due to expire on Jan. 26.

Vice Minister of Economic Affairs Shen Jong-chin (沈榮津) said that the extension is necessary to encourage the development and purchase of electric vehicles.    [FULL  STORY]

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