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Tuesday April 23, 2024

Pricey cars

In distressful times with scarce fuel resources a hybrid electric vehicle should be an ideal choice. It saves on fuel through efficient consumption. However, paying nearly two million for such a car is considerably more than what a common man can afford. A 17 percent tax imposed on each hybrid

By our correspondents
May 05, 2015
In distressful times with scarce fuel resources a hybrid electric vehicle should be an ideal choice. It saves on fuel through efficient consumption. However, paying nearly two million for such a car is considerably more than what a common man can afford. A 17 percent tax imposed on each hybrid car sold through official dealers is an additional burden on the common man, especially when there are used HEVs available in the market for lesser prices.
The irony of the situation is how these used cars are exempt from all sorts of taxes. The government fails to realise that even if one wants to buy a new HEV, excessive taxation is a major hindrance. There is only one choice left – buy a used HEV. It should be taken into account how this policy is affecting the dealers, their sales volumes and the HEV industry adversely. There can only be so many solutions to this – decrease taxation on new HEVs, stop importing used cars altogether or impose a reasonable taxation on used and new hybrid cars alike.
Meer Malik
Karachi