Reconditioned vehicle importers have urged the government to review the proposed duty structure for automobiles, saying budgetary benefits for electric vehicles (EVs) could erode the competitiveness of hybrid and fossil-fuel-powered reconditioned cars in Bangladesh’s developing automobile market.

Tax breaks to bring down price of battery vehicles, plug-in hybrids

The proposed budget grants significant duty benefits to EVs while raising the tax burden on popular reconditioned vehicles, particularly mid-range fossil-fuel-powered cars used by…

Reconditioned vehicle importers have urged the government to review the proposed duty structure for automobiles, saying budgetary benefits for electric vehicles (EVs) could erode…