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Vietnam cut excise duty on battery electric car to 3 pct

Vietnam cut excise duty on battery electric car to 3 pct

The National Assembly Tuesday voted to cut excise on battery-run electric cars to 3 percent for a period of five years. With effect from March 1 the tax on various types of battery electric vehicles (BEVs) will be reduced by 3-12 percentage points from current levels and be valid until …

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