💨 Abstract

In Israel, vehicle imports decreased by 16.8% for private vehicles and 15% for commercial vehicles in February 2025 compared to the previous year. The decline is attributed to an advance in vehicle imports in December 2024 before an increase in the purchase tax on electric vehicles and updates to the green taxation formula and outline in January 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖