Cabinet secretary Pradeep Kumar Sinha led government panel has announced that it has recommended a range of incentives for electric carmakers as well as buyers of electric vehicles in an endeavor to push e-mobility in the country from both the demand and supply area.
The panel has suggested a lower basic customs duty on components as well a lower GST rate to promote manufacturers to take up large-scale production of e-vehicles. For the buyers, it has called for differential registration rates and exception from road tax and parking charges.
The proposal was drawn up by over two dozen top bureaucrats across all stakeholder ministries that attended the committee of secretaries meeting on total mobility chaired by Sinha in December. As in when the decision will be taken, the department of revenue, the department of heavy industries and the ministry of road transport and highways will take essential action.
The NITI Aayog is acting as a nodal agency to coordinate the roll-out of the mega-plan. The government is apprehended of the fact that India needs to take up effective strategies to place itself as a key driver in the global mobility upheaval, and this can be done only by large-scale domestic manufacturing of electric vehicles with all its components including batteries.
Although the government is yet to coherent a formal policy announcement, all the measures are been taken to accomplish the set goal of having electric vehicles account for at least 30% of the total new vehicle registrations by 2030
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