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Big tax break for new energy vehicle production can boost local economy

Big tax break for new energy vehicle production can boost local economy

Update: 2025-01-06

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John Maytham speaks to Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers, about the benefits of the 150% tax deduction on investment in electric and hydrogen-powered vehicle production, as signed off by the president.

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Big tax break for new energy vehicle production can boost local economy

Big tax break for new energy vehicle production can boost local economy

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