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Title: Electric vehicles can help increase government revenue, not shrink it: Report
Source:HT Auto
Date:29 September 2020
Taxes and fees on petrol and diesel may fall if demand for such fuel options reduce with the advent of electric vehicles. While such taxes form a significant part of a government's revenue stream, a report suggests there is no need for much worry. A recent report by consultancy firm EY in Australia has concluded that new-fuel vehicles, EVs in particular, would in fact add to a government's revenue stream.
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