Reduction of GST on electric vehicles from 12% to 5% and also the tax relaxation on purchasing electric vehicles are the attractive offers presented in the new Budget clearly showing the Government’s interest in this new endeavor.
- With the entry of electric vehicles on roads, the government can save a lot of money on fuel expense and also conserve the environment.
- EESL is already working towards establishing a substantial presence for EVs, their affordability, and supporting charging infrastructure.
- According to the NITI Aayog proposal, only electric vehicles should be sold after 2030, expanding the scope of clean fuel technology.
- Meanwhile, the government is leading the example by installing 15 charging stations for electric vehicles starting with PMO.
- The maximum number of charging stations is right now in PMO only.
- However only government EVs can access and be charged at these stations, given they are set up inside access-controlled buildings.
- There are 20 public EV charging stations functioning in Delhi-NCR
- The main challenge for Government is a proper infrastructure for electric vehicles also how to transition Indian consumers to use electric vehicles than petrol or diesel ones.