{
Zimbabwean Dollar

Currency

}
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Zimbabwe cuts electric vehicle import duty to boost eco-friendly transport initiatives

Zimbabwe's Finance Minister announced a reduction in import duty on electric vehicles from 40% to 25%, effective January 1, 2025, to promote eco-friendly transportation. Additionally, a rebate on equipment for solar-powered EV charging stations will also be introduced, enhancing the feasibility of such projects in off-grid areas. However, the budget also includes new taxes, such as a 0.5% Fast Foods Tax, which has sparked public discontent amid an already high tax burden.
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Finance & Economy, Blog Post
23:20 29.11.2024
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