Finance Minister Nirmala Sitharaman in her Budget speech detailed a number of proposals to boost e-mobility in India.
Sitharaman said that Goods and Service Tax (GST) on electric vehicles will be reduced from 12 per cent to 5 per cent. It also announced an additional income tax reduction of Rs 1.5 lakh to be provided for people buying electric cars on loan.
Anand Ayyadurai, chief executive and co-founder at scooter-sharing startup Vogo, said the strong focus on EV in the budget will speed up the push for clean mobility in India
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