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Swiss to finish auto import tax exemption for electrical vehicles

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The Swiss authorities says it plans to impose an car import tax on electrical vehicles, which to date have been exempted from the cost, beginning subsequent yr

GENEVA — The Swiss authorities mentioned Wednesday that it plans to impose an car import tax on electrical vehicles, which to date have been exempted from the cost, beginning subsequent yr.

The governing Federal Council mentioned the transfer was meant to counter a fall in earnings from the auto tax and is a part of a wider plan to bolster public funds.

The auto tax is a levy of 4% on the import worth, slightly than the ultimate gross sales value, of automobiles. Electrical vehicles have been exempted because it was launched in 1997 in an effort to make them a beautiful choice.

The federal government mentioned the exemption is now not essential in view of a gradual rise within the variety of electrical vehicles and the truth that their costs have come nearer to these of vehicles with combustion engines.

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It mentioned that the variety of electrical vehicles imported yearly elevated from about 8,000 to over 45,000 between 2018 and 2022, they usually made up almost one-fifth of all auto imports final yr.

That has meant a lower in earnings from the auto tax — the federal government put final yr’s shortfall at about 78 million francs ($85.7 million) and forecast that it’s going to improve to between 100 and 150 million francs this yr. Proceeds from the tax go to a fund that funds the upkeep of main roads and different site visitors initiatives.



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