Switzerland pulls the plug on tax breaks for electric vehicles
November 9, 2023
In a controversial move, Switzerland has decided to tax electric cars in the same way it does for gas guzzlers, saying that special tax exemptions are no longer necessary.
The Swiss Federal Council announced the news yesterday, stating that it is pulling the plug on the country’s 4% import duty exemption, with the decision going into effect on January 1, 2024. Although the exemption has been…