The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]
Why electricity supplied to Electric Vehicles in India is not so green
Depending on country’s electricity-generation sources, electric vehicles are largely not emissions-free in most of the countries. Electric Vehicles (EVs) seemed like a solution to growing pollution by emissions and heavy oil imports. The Union Budget 2019 by the NDA-led government has tried to promote both the indigenous manufacturing of EVs and purchase benefits with tax […]
Budget boost to electric vehicles will not fix auto sector’s problems
Sops in the budget will narrow the gap in ownership cost of EVs vis-à-vis petrol-, diesel-powered cars The nudge comes at a time when many vehicle makers are set to hit the market with electric vehicles Concessions in the Union Budget 2019 to push electric vehicles (EVs) to the fast lane were a bolt from […]
Budget 2019: Makers of EVs welcome GST cut
In 2018, the state government had signed a memorandum with Energy Efficiency Services Limited (EESL) to procure 1,000 EVs in the first phase. Mumbai: The Union Budget 2019 includes reducing the Goods and Service Tax (GST) on electric vehicles from twelve to five per cent. While Maharashtra government is trying to procure electric vehicles (EV) […]
Budget 2019: Reforms, revival expected to infuse fresh energy into power industry
Power minister RK Singh says a revival scheme for gas-based power plants and a tariff policy are in final stages of being drafted. NEW DELHI: The government plans major reforms in the power sector, including revival schemes for state distribution companies and fuel-starved power plants that depend on natural gas. A package of structural and […]
Electric Vehicle Car Loan Benefit Of Rs. 1.5 Lakh In Budget 2019 – Explained In Detail
The central government has asked GST council for the reduction of tax rate on electric vehicles from 12 per cent to 5 per cent as well. In the Budget 2019 announced on Friday, Nirmala Sitharaman, the Finance Minister, confirmed a lucrative tax exemption for people purchasing electric cars on loan. The government will exempt Rs. […]
Budget 2019: Laptop, Solar Charger and Lithium Battery Manufacturing Will Get Tax Incentives
The finance minister said the scheme will include units in the fields of solar photo voltaic cells, lithium storage batteries, solar electric charging infrastructure, computers servers, laptop etc. The government on Friday revived its efforts to attract high-tech companies for setting up manufacturing units in India in areas like electronic chip manufacturing, laptopS etc with […]
Budget 2019: Customs duty exemption on parts of electric vehicles
This would help in bringing down the cost of electric vehicles and thus help boost EV sales. In order to encourage the use of electric vehicles, Finance Minister Nirmala Sitharaman announced customs duty exemption on certain parts of electric vehicle. With a focus on incentivising e-mobility, the government announced a number of measures including income […]
Budget 2019 shows govt wants you to buy electric cars and here are the five best ones coming soon to India
Currently, only a handful of electric four-wheelers are available in India. The choices are limited to only Tata Tigor EV, Mahindra eVerito and Mahindra e20 Plus. However, the scenario is going to completely change in the coming twelve months. Several major carmakers are expected to launch their EVs in the country. HIGHLIGHTS Audi will introduce […]
Union Budget 2019: Govt’s initiatives will boost adoption of electric vehicles, writes Gaurav Karnik of EY India
The 2019 Union Budget has pushed significantly for adoption of electric vehicles and clean technologies as well as the infrastructure needed to make the EV dream a reality. In order to boost demand for EVs the government has provided an interest deduction of up to Rs 1.5 lakh on loans taken for purchase of a […]