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In an unexpected move, Brazil has recently proposed a “sin tax” on electric vehicles. Traditionally, sin taxes are levies placed on products considered harmful to society, such as tobacco and alcohol. The rationale behind extending this concept to electric vehicles is multifaceted and somewhat controversial.
Rationale Behind the Tax
1. Revenue Generation: One of the primary motivations for this tax is revenue generation. As the market for EVs grows, the government sees an opportunity to tap into this expanding sector to bolster its fiscal reserves.
2. Supposed Environmental Concerns: While EVs are generally promoted as environmentally friendly alternatives to traditional combustion engine vehicles, the politicians claim that production and disposal of EV batteries pose significant…
Read the full article originally published at cleantechnica.com.