VAT Hike Makes Electric Cars More Appealing

There are at least eight tax incentives for electric cars. Cumulatively, these incentives, when applied over the estimated usage period, will cover 32% of the selling price of electric cars.

Bisnis, JAKARTA - This year, the tradition of annual increases in motor vehicle taxes feels different. In addition to the usual tax hikes, the value added tax (VAT) has also been raised to 12%. As a result, electric cars are becoming more attractive to consumers.

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