The climate crisis?
The state wants its taxes.
On the other hand, you will switch to an electric scooter (photo: manufacturer's website)
Customers who ordered the renewed MG ZS EV in the long-term version were notified in recent days that the price of their vehicle, which will be delivered in early 2023, has increased to NIS 162,222, an increase of 9%.
The increase in price comes with the arrival of the first shipment of the renewed model, which was delayed for about ten months, due to the corona closures in China and the production and components crisis.
When the orders opened for the renewed model of the Chinese Jeep that witnessed the arrival of the best-selling electric Tesla in Israel, the price of the same version was NIS 148,888.
The price of the discounted version with a shorter range, 320 instead of 440 km, jumped from NIS 144,444 to NIS 158,888, a slightly higher increase of 10%. The price increase announced by the MG importer, Car East of the Lubinski Group, currently reflects only the increase in the dollar exchange rate in the past year, and will be valid for 100 vehicles that will be released from customs later this week.
In the coming days, Lubinski, like the other importers, is expected to publish a new price list for 2023, which will express the result of three factors of parallel price increases for streetcar prices.
The first, the doubling of the purchase tax from 10 to 20 percent, the second, the reduction of the maximum tax benefit from NIS 75 to 60,000, and the third, price increases by manufacturers abroad.
BYD.
In Australia, the prices are already leaving dust, and the increase is expected to reach Israel as well (Photo: Tomer Feder)
Hyundai's dilemma
The person who may fall victim to the accumulation of factors of the price increase is the long-term version of the electric Hyundai Kona, which was launched in Israel only this month.
The buyer with a 64 kWh battery and an official range of 480 km is sold in Israel at a price of NIS 185,000, and the price in January is expected to reach the 200,000 NIS range.
This is after the tax increases and the increase in producer prices, in cleaning up the effects of the cancellation of the 7% tariff on cars manufactured in South Korea, which will reduce the rate of price increase, but will not succeed in canceling it.
At Kalmovil importer Hyundai it has not yet been decided if the long-term buyer will be imported in 2023.
The import of the regular version, 39 kWh and 305 km/h will continue in any case, and towards the end of the year a completely new model of the Korean Jeep will arrive, in gasoline, hybrid and electric versions, most likely with a further price increase.
The price increases of the producers are now also announced internationally.
Earlier this month, BYD announced a price increase of about 8% for the Eto 3 in the Australian market.
An increase in manufacturer prices is also expected in the price of the Hato 3 in Israel, but it is not yet clear at what rate.
Volvo, which this month revealed updated versions of the electric XC40 and C40 that will arrive in showrooms this summer, announced that their prices will increase by about 5 to 10 percent.
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Will the members of the Knesset have the public courage to stop the move by the Treasury and the Tax Authority?
MK Moshe Gafni, Chairman of the Finance Committee (Photo: Reuven Castro)
On Tuesday, four days before the increase in taxation on electric vehicles, the Finance Committee of the Knesset will discuss its course and effects.
The committee does not need to approve the change, which was already determined in the outline initiated by the tax authority about three years ago.
So the move is justified as a balance to the expected drop in streetcar prices, a trend that the crisis of raw materials and components following the Corona virus and the war in Ukraine has turned into a wave of price increases.
Despite this, and despite the government's promise to the world of measures to reduce emissions due to the expansion of the climate crisis, the Ministry of Finance and the Tax Authority have no intention of stopping the move.
However, it is within the power of the committee headed by MK Moshe Gafni (Torah Judaism) to vote and decide to postpone the price increase. However, such moves at the initiative of the committee, and without prior agreement with the Treasury, are very rare. This is also a move whose cost to the state budget is estimated at 600-700 million shekels in the coming year.
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