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Switzerland Will Tax Electric Vehicles Like All Other Cars Next Year
- Government says incentive no longer needed, seeks more revenue
- EVs set to be one quarter of all car imports to Switzerland
An electric vehicle icon at a Supercharger station in Egerkingen, Switzerland.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Switzerland’s government removed tax exemptions for electric vehicles from next year as it deems that incentives are no longer necessary.
With this measure, Switzerland wants to address a decline in tax receipts and ensure continued funding for highways and public transport, the government said in a statement on Wednesday. Electric cars will be subject to the same registration tax as fossil fuel vehicles from Jan. 1.