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      Archive: 4/29/2012

      News Brief

        4/29/2012, Iyar 7, 5772

      Tax Breaks for Green Cars Enacted

      The government on Sunday authorized the granting of special benefits to consumers who purchase environmentally friendly vehicles. The purchase tax on electric cars was cut to 8%, from its previous level of 10%. In addition, the purchase tax on hybrid vehicles will not be raised this year.

      The reductions will cost the government NIS 130 million, and will take effect at the beginning of June.