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Governments slap taxes on EVs as $110bn fuel duty shortfall looms

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Governments slap taxes on EVs as $110bn fuel duty shortfall looms

  • By Smyth, Jamie
  • By Amanda Chu

Global policymakers, including the UK, New Zealand, Israel and US states, are imposing new taxes on electric vehicles as the shift away from combustion engines threatens to leave a $110bn hole in government revenues owing to a drop in receipts from fuel duties. 

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