Developing Countries Around World: Drop Import Duties On Electric Cars

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I’m not an expert in economic development for developing countries, and I don’t have a degree in import/export taxes in such places. However, one thing is fairly well known across the world: if you are not a big oil-producing nation, you are sendingmade some additional interesting points in the case of Malawi. “Electricity tariffs are quite low, at less than 7 USD cents/kWh, and switching to electric can help the country save on scarce foreign currency.

In addition, developing nations often received old, used cars from developed nations, and those car pollute much more, causing greater harm to human health, and all the associated costs that come with that. They actually struck the Right Way to make EV’s a primary mode of transportation and all without having to cough up loads of subsidies & incentives. DROP Import Duties & Sales Taxes !

 

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