Clearance of electric vehicles over JD10,000 halted for 80 days

Jihad Abu Nasser, the automobile sector representative at the Jordan Free Zone Investor Commission (JFZIC), reported a significant increase in the clearance of electric vehicles since the government implemented a 50 percent reduction in the special tax on them.

He explained that the previous government's decision to raise taxes on electric vehicles had resulted in a nearly complete halt of clearance operations for 80 days.

During his appearance on Roya TV, Abu Nasser noted that the clearance of electric vehicles valued over JD10,000 had come to a standstill due to the tax hike.

He predicted a shift in consumer interest towards electric vehicles priced below JD10,000. He emphasized that freezing the planned tax increase by 50 percent on the electric vehicle market saved investors from substantial losses, stating that clearing goods before the tax is reintroduced next year is now essential.

Since the 50 percent tax exemption took effect on Nov. 23, 2024, revenue from the special tax on vehicles has risen to nearly JD10 million, according to Finance Minister ِAbdelhakim Shibli.

Shibli attributed the revenue increase to a rise in the number of vehicles cleared, totaling 2,174 compared to 1,320 during the same period last year.

On November 23, the Cabinet decided to reduce the special tax on electric vehicles valued over JD10,000 by 50 percent to facilitate pending transactions and promote equity in the tax system.