Govt to scrap registration fees for buying electric vehicles: Javadekar

Around Rs 500 crore will be used to set up 2,636 charging stations in 62 cities across cities, minister tells Parliament.

The government is promoting electric vehicles (EV) by proposing to drop registration fees and using the Union Budget to given an additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase such transport, said Prakash Javadekar, Minister of Heavy Industries and Public Enterprises, has said.

Javadekar said his department will spend around Rs 500 crore to set up 2,636 charging stations in 62 cities across cities under the second phase of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) scheme. People have purchased about 11,000 EV in the last 10