Indian government looking to cut tax to encourage uptake of EVs
The Indian government is reportedly looking to cut goods and services tax (GST) on electric vehicles (EVs) by 5-12% to encourage their uptake, reports the Economic Times. "There is a proposal to cut tax rates on EVs among other issues," said a senior government official with knowledge of the matter. The government council will discuss the proposal in a meeting tomorrow (20 June).
Significance: Several measures, including tax cuts and incentives for EVs, are being contemplated by the government in line with its goal to expand the use of EVs in the coming years. Recently, the Niti Aayog policy think-tank proposed a new EV road map that suggested that all vehicles sold in India after 2030 should be electric. A reduction in GST would have the aim of boosting the manufacture of EVs in the country and encouraging key automakers to set up Indian vehicle production plants.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- US DOT makes more awards of autonomous vehicle research funding
- Canada considering adopting Californian emissions requirements
- Frankfurt Motor Show 2019: Important production EVs, premium concepts and city cars dominate launches
- Frankfurt Motor Show 2019: Climate change campaigners call for SUV ban
- UK government inaugurates testing facility for autonomous vehicles
- On-going talks about 400 public EV charging stations in Kolkata
- Sneak Preview: Frankfurt Motor Show 2019
- Two US senators question cybersecurity vulnerabilities of connected cars