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Switzerland

Switzerland Planning Substitute Tax for Electric and Other Vehicles Not Powered by Fossil Fuels

The Swiss Federal Council has issued a release announcing that it is planning the introduction of a substitute tax on electric vehicles and other vehicles powered by alternatives to traditional fossil fuels. According to the release, the substitute tax will be needed to finance transportation infrastructure given that revenue from taxes on fossil fuels will continue to decline as more and more people switch from petrol- and diesel-powered vehicles. The new tax will consist of a fixed amount per kilometer traveled based on the category of vehicle and is planned to be implemented no later than 2030.

Source Orbitax

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