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Amitabh Kant, CEO- Niti Aayog mentioned that the federal government has been attempting bringing down the tax charges on electrical automobiles (EVs) to five per cent and in comparison with 28 per cent at different automobiles.
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Government is attempting to scale back taxes on electrical automobiles to five per cent.
The coronavirus pandemic might need decelerated issues a bit however the authorities appears to be agency with its targets relating to adoption of cleaner mobility options. In an interactive session with college students of the primary batch of MS (Research) in e-mobility programme which was organised by the Indian Institute of Technology (IIT), Guwahati, Amitabh Kant, CEO- Niti Aayog mentioned that the federal government has been attempting to convey down the tax charges on electrical automobiles (EVs) which is charged at 5 per cent at current in comparison with 28 per cent for different automobiles. It can also be attempting to scale back the tax charges on Hybrid automobiles.
Also Read: India To Become Manufacturing Hub For Electric Vehicles By 2025: Government
Addressing the scholars, Kant mentioned, “We also give tax exemption, up to Rs 1 lakh, to people who are buying electric vehicles. As a consequence of all this, the focus on electrification will be huge and if India has to emerge as a leader in clean, connected and shared mobility, there are two important things to keep in mind one is that India is a major user of two- and three-wheelers and 80 per cent of people travel in these vehicles. Second, battery will be an important component. Battery manufacturing and storage will be a key component and storage will have to be linked to renewable energy integration with the grid.”
Also Read: FAME II Scheme’s Validity Extended Till September 2020
The focus isn’t solely on private mobility options, there is a better emphasis on electrification of public transport as properly. The Ministry of Road, Transport & Highways (MoRTH)- Nitin Gadkari has been selling electrical buses for fairly a while and final month had invited personal funding for the pilot mission. In June, the Ministry of Heavy Industries and Public Enterprises Department of Heavy Industry had prolonged the validation of the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme for a interval of three months. All registered automaker underneath the FAME II scheme will now be capable of avail the advantages until September 30, 2020.
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Source: Times Of India
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