Israel’s Extended Tax Break Keeps Electric, Hybrid Cars Humming

Israel has extended its lower purchase tax rate on electric and hybrid cars for two more years, continuing a “Green Taxation” reform that economic reports and automobile dealers indicate has helped put more low-emission vehicles on the road.

Until the end of 2019, sales of hybrid and plug-in vehicles at the bottom of Israel’s car emissions table will continue to be taxed at 30 percent instead of the 83 percent rate for all gas-fueled, and all-electric vehicles will be taxed at 10 percent, Finance Minister Moshe Kahlon announced Sept. 28. The reductions have been in place since 2009 and were ...