Swiss Government Plans New Taxation Policy for Electric Vehicles Starting in 2024

ESG HUB > News > ESG News > Swiss Government Plans New Taxation Policy for Electric Vehicles Starting in 2024

Swiss Government Plans New Taxation Policy for Electric Vehicles Starting in 2024

Posted by: Baris Karapinar
Category: ESG News
electric vehicles

Starting from 2024, the Swiss government is planning to introduce a new taxation policy for electric vehicles. As per the current system, road infrastructure and maintenance costs are largely funded through fuel taxes. However, since electric vehicles do not use gasoline or diesel, they do not contribute to the existing taxation system, resulting in a loss of revenue for the government.

Therefore, the new measure aims to ensure that electric vehicle owners also contribute to the road infrastructure and maintenance costs through car taxes. The taxation policy is a crucial part of the Swiss government’s efforts to achieve a more sustainable and equitable transportation system.

With the introduction of the new policy, the government is expected to generate additional revenue, which can be utilized for road maintenance, expansion, and other relevant infrastructure projects. Moreover, the move will promote the adoption of alternative modes of transportation that have a less environmental impact, as it encourages people to consider other sustainable transportation options.

The new taxation policy is also expected to promote innovation and development in the electric vehicle industry, as manufacturers may become more incentivized to produce eco-friendly vehicles that are affordable and accessible to consumers.

Overall, the new taxation policy for EVs in Switzerland is a significant step towards a more sustainable transportation system that addresses environmental and social concerns while also contributing to the country’s economic growth.

Link to the news source

Leave a Reply