Zimbabwe plans to slash import duty on EVs to boost demand

By Gretinah

HARARE, Nov. 28 (Xinhua) -- Zimbabwean Finance Minister Mthuli Ncube on Thursday proposed reducing import duty on electric vehicles (EVs) starting January 2025 to encourage the adoption of eco-friendly transportation.

Presenting the 2025 national budget in Parliament, Ncube revealed that the import duty on EVs will drop from 40 percent to 25 percent.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Report it to us.

Next In World
Luigi Mangione was charged with murder - then donations started pouring in
Colombian lawmakers vote against government's $2.24 billion tax reform
Time magazine to name Trump 'Person of the Year'
Argentina's Kirchner returns as Peronists eye comeback against Milei
North Korea notes South Korea's 'growing public anger' against Yoon
Ukraine loses ground near strategic hub of Pokrovsk
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports down last week
Haiti reopens capital's airport as US extends airline ban
Brazil's Lula to undergo new surgery to minimize further brain bleeding

Trending in News

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.