2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 88

Advancing
Objectives
Environmental
and
Energy-efficiency
The government maintains as a policy priority
the need to embrace technologies that reduce the national
need for the import and use of fossil fuels and those which
maximize renewable energies. In addition to the reduction
in duties related to import of solar energy components, this
Government is undertaking the following:
• we are reducing the excise duty on electric and hybrid
vehicles valued at $50,000 and under down to 10 per
cent;
• we are reducing the excise duty on electric
motorcycles down to 10 per cent;
• we are reducing the excise duty on new smaller
vehicles up to 1500cc in engine size down to 25 per
cent; for clarity this applies to new vehicles only.
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