Israel is expecting a huge jump in electric vehicle use by the end of the decade, when nearly a third of cars will be charged by the power grid rather than using gasoline, the Energy Ministry said on Tuesday.
This will add significant stress to the national power grid, accounting for 6% of total demand, and require a tenfold expansion in battery charging capacity, the ministry said.its energy export policy, with the aim of boosting natural gas exports across the region while making sure it keeps enough reserves to meet the demand of a rapidly growing population.About 1.3 million cars, or 30% of the country's total, will be electric by 2030.
The increase is expected despite a hike in taxes on electric cars. The tax rate is due to jump to 35% in 2024 from 20% this year. But that will be offset by lost income from the sale of gasoline, which is taxed 50%.Reporting by Ari Rabinovitch; Editing by Sharon Singleton
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