A new report by the National Economic Council in the Prime Minister's Office highlights the benefits and drawbacks of electric cars for the Israeli economy. While the cost of an electric-powered vehicle for consumers is NIS 3,700 less than a gasoline-run car, the cost increases by NIS 740 for the Israeli economy due to taxation policy. However, by 2034, the cost of an electric vehicle for the country's economy is projected to be NIS 1,600 less per year compared to a gasoline-powered car. The report also emphasizes the value of electric cars in reducing greenhouse gas emissions and meeting government goals.
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Original article source: https://www.jpost.com/israel-news/article-836976
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