The world's most well-known automobile companies are looking to build electric cars to rein in rising environmental pollution and rising fuel prices. Hyundai has recently launched the electric Hyundai Kona in India and has been a favourite since its launch. Now Hyundai plans to launch 44 Eco Friendly vehicles, including 23 electric cars, by 2025.

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Due to their high price, electric cars are being preferred in India. The ex-showroom price of the Hyundai Kona in India is priced at Rs 25.30 lakh. Currently, electric cars are subject to a 12 per cent GST, which has been proposed to be reduced to 5 per cent in the recently introduced Union Budget. And if that happens, the price may be reduced by Rs 1.5 lakh. The Hyundai Kona can cover a distance of 452 km in single charging. Parts of the car will be imported and assembled in India, after which the price of the car is higher. The car is expected to be manufactured in India after the Indian government has relaxed its electric car making. If this happens, the price of this car may be much lower.

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For your information, Finance Minister Nirmala Sitharaman proposed a tax exemption of Rs 1.5 lakh on the purchase of electric cars in the Union Budget presented on July 5. It has also proposed to reduce the GST on electric cars by 12 per cent to 5 per cent. Under the Fame-2 scheme, 35,000 electric cars priced up to Rs 15 lakh are subsidized up to Rs 1.5 lakh. And hybrid cars are subsidised by Rs 13,000.