India cut VAT on electric vehicles to 5%


The Indian government has decided to cut VAT on electric vehicles from 12% to 5% and charging stations from 18% to 12%. In addition, the purchase of electric buses by the municipalities is exempt from VAT.

The changes will come into force on 1 August 2019. The VAT on petrol and diesel remains at 28 percent. With the tax cut, the Indian government wants to reduce the price difference between the two types of power in order to make electric cars more affordable.



source https://www.electrichunter.com/ev-news/india-cut-vat-electric-vehicles-5

Popular posts

The 2021 Hyundai Kona Electric - small electric SUV

Volkswagen ID.3 from 36,000 euros

The new MG Marvel R Electric is available

Profile Creation Sites

Adruby = Advertising Archives

Harley-Davidson plans its own electric motorcycles division

Introducing the Renault Trafic Van E-Tech Electric: A Zero-Emission Vehicle for the Future

Social backllinks for free

Gettoby from munt flo

2024 Renault Arkana: A Stylish and Practical Crossover for the European Market