Budget 2023 – all auto and transport-related points
This year, expectations are that these EV incentives be extended beyond their original deadlines – 100% duty exemption for CBU EVs up to December 31, 2023, and 100% duty exemption for CKD EVs up to December 31, 2025. The ministry of international trade and industry said previously that it hadto be included in Budget 2023, but we’ll have to wait until later to find out.
In addition to automotive-related matters, we’ll also look out for public transport and infrastructure news. Live updates will be posted here, so stay tuned. What are you hoping for in this year’s Budget?Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.
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