Auto assemblers warn of market distortion after REEV duty decision

KARACHI: A recent ruling by the Customs Classification Committee classifying range-extended electric vehicles (REEVs) as battery electric vehicles (BEVs) has triggered concerns among local auto assemblers, who argue that the decision overlooks key market realities and will lead to distortion. The committee classified REEVs, essentially series hybrids, under HS Code 8703.8090, the same category as BEVs, on the basis that propulsion is provided solely by an electric motor, with the onboard inte...

By none@none.com (Aamir Shafaat Khan)