THE National Automotive Policy (NAP 2014) which was finally unveiled in January, has since set tongues wagging over some of the policies that were announced.
Among them, was the tax incentives for hybrid and electric vehicles (EVs), which is not applicable if the units are completely-built-up (CBU). Prior to the NAP 2014, all hybrids and EVs were tax exempted – a policy that was actually announced under Budget 2011.
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