The Ministry of Finance on Monday proposed allowing local governments to extend tax exemptions for electric vehicles (EVs) until 2029.
This would be the fifth time that the exemption within Article 5 of the Vehicle License Tax Act (使用牌照稅法) would be extended since it was first implemented in 2012, pending a 30-day public consultation period set to expire on Sept. 3.
If it is not extended, the exemption is to expire at the end of this year.
Photo: Taipei Times
The tax exemption promotes energy conservation and reduces carbon emissions, the ministry said.
Encouraging the use of EVs supports the development of the industry within Taiwan and works toward the government’s goals of promoting EV adoption and of achieving net-zero emissions by 2050, it added.
While the norm for public notice periods is 60 days, the ministry said that the time was shortened, as this proposal only grants local governments the authority to continue extending an existing tax break that benefits the public and is supported by local officials.
It added that it welcomes comments or suggestions from the public during this time.
Since 2012, the number of EVs registered in Taiwan has grown more than 300 times, rising from just more than 300 vehicles in 2012 to 97,000 this year.
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