Israeli Cabinet to Vote on Electric Car Dream

The Finance Ministry is considering making electric vehicles completely tax free, but a break as large as that is likely to encourage overuse of such cars.

Published: 12-Nov-2007

The cabinet will officially announce its support for an electric car at its weekly meeting today. The idea is to back Shai Agassi's initiative to revolutionize transport by building an entire electrically powered system for cars, starting with solar energy, non-polluting electric vehicles and infrastructure to charge the cars - all without dependence on oil.

The cabinet's backing means tax breaks, among other things. Purchase tax on standard gasoline and diesel vehicles is 84 percent, which will drop to 79 percent on January 1. For more environmentally friendly hybrids the rate is only 30 percent.

The Finance Ministry is considering making electric vehicles completely tax free, but a break as large as that is likely to encourage overuse of such cars. While they might not pollute as much, they are still involved in traffic accidents and need road and parking infrastructure.

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