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.
Renault has announced that the new Renault Twingo ZE can be ordered from mid-August, in Germany. At the market launch, the Renault Twingo ZE 100% electric city car is exclusively available as a special "Vibes" model. The new Renault… Continue reading
France continues to bet on the bikes: the Ministry of Ecological Transition announced an increasing aid to purchase electric bicycles. So from now on, scrapping a polluting car means receiving up to 1,500 euros to buy an electric bicycle, or… Continue reading
After it acquired Ubitricity, Shell has announced that it plans to build 50,000 Ubitricity charging stations in the United Kingdom by 2025. The group also wants to cover a portion of the costs. There are presently 3,600 Ubitricity… Continue reading
The government has made it clear, and the automobile industry is responding: the electric car is the way of the future. Is that, however, also your present? We can assist you in answering this question. Brands continue to promote large-scale… Continue reading