As a consequence of the the 2018 budget approval in Lebanon, customs charges and fees applied on the hybrid and electric cars will be abolished.
Lebanon is giving a serious boost to the clean cars industry by cutting hybrid and electric cars taxes. Private vehicles that operate only through batteries will be fully exempted from customs duties and other internal excise fees.
As for the hybrid cars (using both gasoline and electrical energy) they will benefit from a 20 % decrease in customs charges and fees. Public transportation vehicles will also be the subject of a 10 % cut in the same tax assessments.
Lebanon is hoping that such measures will engage consumers to turn toward clean cars. According to the Investment Development Authority of Lebanon (IDAL), the global clean-tech sector has been growing at a compound annual growth rate (CAGR) of 4.1% from 2012 to 2015.
The Fuel-efficient vehicles including natural gas buses, hybrid electric cars and fuel-efficient gasoline vehicles present considerable saving opportunities for energy consumption and CO2 emissions for all vehicle segments, ranging from 30% to 60%.
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