The Swiss Federal Council has announced that it’s removing the 4% import tax break on EVs, which was in place since 1997. The reason for the decision stems from the rampant adoption rate of EVs in the country and now 23% of all imported cars are EVs. The drop in average EV prices is another reason cited by the Swiss government. The Swiss government is also looking to improve the public transport and highway system, so the removal of the 4% credit will raise some additional funds for projects. The government estimates an additional revenue of at least €2.05 to €3.08 per year. The… More…