The Modi government, led by PM Narendra Modi, is continuously promoting the electric vehicle. Recently, the GST Council has reduced GST rates on electric vehicles and electric chargers from 12% to 5%. This is great good news for all those who are thinking of buying electric vehicles. In fact, the lowering of GST rates has made prices from e-rickshaws to electric cars and bikes cheaper. If you're wondering what's going to be the challenge of the Modi government, the answer is day by day, the poisonous atmosphere that Narendra Modi's Modi 2.0 is taking big decisions one after the other. Let us know the full details
For your information, the country's capital Delhi is shrouded in smog on cold days every year. The biggest reason for this is air pollution. Pollution levels have gone up to such an extent that the state government had to implement a policy like Odd-Even. The government fears that if the right decision is not taken in time, it will not only make Delhi's situation worse, but it will also make it difficult for people to live in other metro cities. The NITI Aayog aims to convert all three-wheelers into electric vehicles by 2023. By 2025, a bike or scooter with less than 150cc is to be converted into an electric vehicle.
Electric vehicles are used to zero Emission. They do not smoke or make noises. That is, electric vehicles do not cause any harm to the environment at all. The reason for the 7 percent GST reduction in electric vehicles is to increase their sales. In fact, the government wants people to buy electric vehicles instead of buying petrol or diesel vehicles. The reduction in GST has also reduced the prices of electric vehicles, which will boost their sales.
For your information, there are about 1.5 lakh e-rickshaws operating in India in the current phase, more than the number of electric cars sold in China since 2011. A report by a consulting firm called A.T. Carney revealed that about 11,000 new e-rickshaws are being rolled out on roads in India every month. The reduction in GST will further boost sales. Pollution is one of the biggest challenges for the Modi government. The government wants to boost the sale of electric vehicles by reducing GST rates. This will reduce the number of fuel-driven vehicles, which will have a direct impact on the environment.
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