EV tax break suits top tax brackets, leaving the rest in the dust
Projected to cost $205 million to the public purse, research finds the tax incentive to encourage the uptake of EVs is inequitable.
Tax changes to address lack of affordable EVs for all consumers
Business buyers account for over 40% of new light vehicle sales, but their uptake of EVs is shockingly low at a mere 488 EVs in 2020 or 0.02% of passenger cars and light SUVs, compared to the European average of 57% of EVs acquired by business.
