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View all search resultsThe government has said it will not renew the incentive scheme, which since 2024 has allowed automakers to import completely built-up (CBU) EVs without paying import duties, luxury tax or value-added tax (VAT).
Auto dealers have been grappling with fiercer competition, especially in the electric vehicle segment, where a wave of new models, many from Chinese manufacturers, has entered the market with aggressively low pricing.
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