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 could launch a new update of its Renault ZOE at the Geneva Motor Show 2018. The great novelty in this new version would be the incorporation of a new electric motor , the R110 , with 80 kW of power, although the… Continue reading
Jaguar Land Rover has expanded its range of Ingenium engines with a new six-cylinder, three-liter gasoline engine that combines with the smooth hybrid technology of 48 volts, MHEV (Mild Hybrid Electric Vehicle)… Continue reading
The US government wants to abolish state subsidies for electric cars and renewable energies. US President Trump would like to eliminate state subsidies for electric cars immediately, but now, a new bill in Congress provides for an extension of tax… Continue reading
The sale of electric cars continues to grow in Spain. Specifically, during the month of May, it grew 180% if we compare it with the same period last year. A figure that, according to all experts, will continue to increase since in 2021. In Spain, we already… Continue reading
