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Automotive glossary

EV Purchase Incentives

EV purchase incentives are grants, tax reductions or other benefits that governments offer to make electric cars cheaper to buy or own.

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What is EV Purchase Incentives?

They can include purchase bonuses, lower registration tax or reduced annual tax. Company car tax benefits are common in several countries. Schemes often change or end at short notice. In Turkey, special consumption tax rates for electric cars have been lower than for combustion cars, though rates change over time.

How it works

Governments lower the cost of EVs to speed up the shift from combustion cars.

Why it matters for your car

Always check the current rules on official websites before buying. Some incentives must be applied for before the car is registered.

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