No license tax for electric vehicles until 2018
The China Post News staff
May 30, 2014, 12:09 am TWN
An amendment to the Vehicle License Tax Act cleared the Legislature yesterday, meaning local governments will not exact license tax on electric vehicles for another three years.
With the new regulation, tax exemption for electric vehicles has been set until January 5, 2018, said Executive Yuan spokesman Sun Lih-chyun (孫立群).
The Ministry of Finance (MOF) said the amendment was proposed in the wake of the green energy trend that is increasingly adopted in the international community. The MOF deemed it necessary to assist the electricity-powered vehicles industry because of the importance of cultivating a sustainable environment.
The government is striving to encourage green energy more universally. It plans to replace 6,700 diesel-powered buses currently in operation in Taiwan over the next 10 years. About a hundred electricity-powered buses are already operating on the road, according to local news sources.
Conservation is regarded as being highly important across government agencies. The Ministry of Economic Affairs is investing NT$1 billion over a three-year period, while the Environmental Protection Administration has a budget of NT$9 billion for conservation purposes.