PM Narendra Modi-led Modi 2.0 has given a big gift to buyers of e-rickshaws. The GST Council, led by Finance Minister Nirmala Sitharaman, has reduced GST rates on electric vehicles to only 5% instead of 12%. Finance Minister Nirmala Sitharaman had announced the reduction of GST on Lok Sabha electric vehicles when she presented the first full budget in the second tenor of the Narendra Modi government. In his statement, the Finance Minister said at that time that the government was trying to promote electric vehicles. and ensure that more and more electric vehicles are used in the times to come. The Finance Minister had said in the House that the government will provide cheap e-vehicles for this purpose. Let us know the full details
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For your information, there was a report 10 months ago stating that there are about 1.5 lakh e-rickshaws operating in India in the current period, which is 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 report estimated that the figure could rise even faster in the times to come. There were a total of 425 points for charging electric vehicles in India. According to media reports, these charging points are set to be made up of 2,800 by 2022.
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In view of the rising pollution, the manufacturing companies have started working towards electric vehicles. Several offers and schemes are also being offered by the government to promote the use of electric vehicles. While India may be lagging behind other countries in electric cars, the battery-run e-rickshaw has made China a top scorer.
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