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.

However, an exemption from the registration fee for electric vehicles, which was discussed in June, was not decided. Reports are still in the room to increase the registration fee for gasoline and diesel.

However, the Federal Bureau of Indirect Taxes (abbreviated to GST) has made the condition that the vehicles have at least 12 seats eligible for the tax exemption for electric buses. The Indian government wants to promote not only renewable energy, but also clean traffic.



Lidl plans to build 400 charging stations for electric vehicles

Lidl intends to equip approximately 400 of its branches throughout Germany with charging stations for electric vehicles within one year. Lidl is investing in the...

The Government will give tax incentives to those who buy electric cars

The president of the acting Government and the only candidate for re-election, Francina Armengol (President of the Balearic Islands), has promised in her inaugural...

The new electric cars will have to make noise from 1 July 2019

The new electric and electrified cars, like the Tesla of Elon Musk and all the other EVs and plug-in hybrids on the market, are famous for their extreme quietness. These...

Volkswagen will install 36,000 charging stations for electric cars in Europe

Volkswagen wants to install 36,000 charging stations for electric cars in Europe by 2025. The Volkswagen Group announces a significant increase in...


Subscribe to my Newsletter




Add new comment