Israel Finance Minister Moshe Kahlon signed an order Dec. 31 granting accelerated depreciation for low-emission diesel and hybrid taxis, part of the government’s drive to reduce emissions from the country’s 20,000 taxis.
The benefit will create an incentive for owners of diesel-fueled vehicles to replace them with electric hybrids, which also get a subsidy of 20,000 shekels ($5,352) per vehicle from the Ministry of Environmental Protection. As of August 2018, 566 hybrid taxis had been purchased under the program, which began in 2017.
Most Israeli taxis are powered by diesel, partly because of...
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