According to high-level sources, the government has put forth a new suggestion to revoke tax exemptions for electric cars priced above $50,000, as informed to ProPakistani.
Initially, imported electric vehicles enjoyed tax privileges to promote their import and adoption in Pakistan. However, this is slated to change, as electric cars valued above $50,000 will now be subject to taxation similar to conventional cars. This adjustment will impact high-end electric car models such as the Audi e-Tron/e-Tron GT, BMW i8, etc. Nevertheless, more affordable electric cars like the MG ZS EV, MG4 EV, Rinco Aria, etc., priced below $50,000, will remain unaffected by this proposal.
Furthermore, the government has suggested an increase in withholding tax imposed on non-electric cars. This move, overall, will contribute to making cars more expensive for the general public, who are already grappling with soaring levels of inflation.
It’s essential to note that these are preliminary proposals and have not yet received approval. They are subject to alteration or cancellation, so caution should be exercised when considering them.
