Electric cars could be exempted from paying VAT

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The European Union is considering the possibility of eliminating VAT on the purchase of electric cars.

The European Union is preparing a large financial package to support the economies of European countries following the SARS-CoV-2 coronavirus pandemic.

The financial package will include a major component for the automotive industry, but it will be designed specifically to promote the sale of electric cars and the development of charging station infrastructure, according to a document in progress obtained by the Bloomberg news agency.

The most important document stipulation is the proposal to exempt electric cars from VAT in all European Union countries. This would mean that electric car prices would decrease by 17-25%.



source https://www.electrichunter.com/ev-news/electric-cars-could-be-exempted-paying-vat

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