Chewang Electronics Co Ltd Rac Electric Vehicles Income Tax. Rules and qualifications for electric vehicle purchases. English & chinese download a sample report.
Therefore, by the end of the tax year 2027/28, the bik rate for electric vehicles will be 5%, a rise of 3% from the 2024/25 rate of 2%. Upon rc renewal after 15 years, a tax will be applied, but electric cars are exempt from the green tax.