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T&T removes taxes and import duties on electric vehicles: CARICOM BUSINESS

Effective January 1, 2022, Trinidad and Tobago will be removing all custom duties, motor vehicle tax and value-added tax on the importation of battery-powered electric vehicles with an age limit on imported used battery-powered electric vehicles of two years.

This policy will be subject to review after 2 years have elapsed. In August, the government said plans were underway to increase the penetration of electric vehicles in keeping with T&T commitments to the Paris Agreement called the Nationally Determined Contributions. A consultant has been engaged by the United Nations Environment Programme and Denmark Technical University (DTU/UNEP), to develop funding proposals for the instalment of ultra-fast solar electric vehicle chargers. (LOOP)

Extract from the CARICOM BUSINESS Newsletter Vol 4 No 40

Click on image or link below to read full Newsletter

Caricom Business October 9 2021-vol-4-no-40

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