New Regulation in Electric Car Tax: Base Increase in 160 kW Period
A surprising change was made in Special Consumption Tax (SCT) rates for electric cars. According to the decision published in the Official Gazette, the tax base of electric cars whose engine power does not exceed 160 kW has been increased. This change will also affect electric car prices.
Base Increased by 160 Percent in 13 kW Tranche
In the decision signed by President Recep Tayyip Erdoğan, it was stated that it was decided to re-determine the special consumption tax bases based on the special consumption tax rates of some goods in the list numbered (II) annexed to the Special Consumption Tax Law No. 4760.
With this decision, a 160 percent tax will be collected from electric cars whose engine power does not exceed 1.450.000 kW and whose tax base does not exceed 10 TL. Previously, the base in this slice was determined as 1.250.000 TL. In other words, the base in this slice increased by approximately 13 percent.
1.450.000 percent tax will continue to be collected from electric cars with a base value over 40 TL. There was no change in electric cars with a power exceeding 160 kW.