Electric car shock: Switzerland reveals astronomical costs and tax losses due to EV boom!
Switzerland has announced it will abolish tax incentives for the purchase of electric vehicles (EVs) from January 1, 2024, amid concerns over rising tax losses due to the EV boom. Importers of electric vehicles will now have to pay a tax levy of four percent of the vehicle's import price. This removes the tax exemption that has been in place since 1997.