The government has implemented a carbon tax for owning multiple vehicles to lower carbon emissions, deal with city traffic, and encourage the use of public transportation.
While local car owners are already paying high taxes for vehicle ownership, this new carbon tax will exert a heavier toll on taxpayers who own more than one car.
Owners of more than one car will face an environmental protection surcharge from 2023-24 as the government looks to discourage the use of vehicles in a bid to curb environmental pollution.
Owners of more than one car are likely to face an environmental protection surcharge from the upcoming fiscal year as the government plans to discourage the use of vehicles in a bid to contain carbon emissions and air pollution.
According to the definition published by the United Nations (UN), the ‘net zero’ means cutting greenhouse gas (GHG) emissions, such as carbon dioxide (CO2) emissions, as close to zero as possible, with any remaining emissions being reabsorbed from the atmosphere.