Govt plans Rs 12,000-levy on petrol, diesel cars to spur EV demand: Report

NITI Aayog has proposed incentives of up to Rs 25,000 -50,000 to be directly transferred to EV buyers

The Indian government has drafted a plan to levy a fee of Rs 12,000 ($171.09) on new petrol and diesel cars in an attempt to boost the manufacturing of electric vehicles (EV) and battery-driven automobiles, the Times of India reported on Wednesday.
 

Under a new policy that is nearing finalisation, National Institution for Transforming India (NITI), a government policy think-tank, has proposed incentives of up to Rs 25,000 -50,000 be directly transferred to EV buyers, ensuring that gains are not pocketed by auto manufacturers, government officials told TOI.
 

New incentives will be proposed along with other benefits such as lower