Despite the slowdown in the automobile sector over electric vehicles, the government is not going to slow down its preparations. The government is very clear about its goal in this regard. It is believed that the government may increase the tax burden on traditional fuel vehicles like diesel and petrol in the coming time to discourage them. Also, electric vehicles can be given more incentives. Let us know the full details
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In a statement, NITI Aayog CEO Amitabh Kant says, "We are looking forward to the industry's roadmap. We're very clear about the goals and goals we want to achieve. We want to do this with private sector participation. The government has taken all possible measures to clean up our cities, improve the living standards of citizens, reduce oil imports and speed up the movement of electric vehicles in India to promote Make in India. Now it is the turn of the private sector to contribute. Now they should lead to a champion of clean vehicles.Kant's statement is significant because the government plans to completely ban the sale of two-wheelers with less than 150 cc capacity after 2023 and promote electric vehicles after 2025. he. The auto industry is worried about it. "We have become countries importing mobile, telecom equipment and PV solar due to the wrong policies of the past. We won't let this happen in terms of electric vehicles. We will continue to focus on 'Make in India' for the domestic market and exports while taking appropriate measures. We will make India a hub of electric vehicles for the global market."
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According to media reports, the government may increase the tax burden on petrol-diesel vehicles in order to promote electric vehicles to discourage their use. The amount that will come out will be used to promote electric vehicles. It is worth mentioning here that in a bid to promote electric vehicles, the GST Council in its last meeting has decided to reduce the RATE of GST on EVs to five per cent. Earlier, the General Budget 2019-20 has also announced measures to promote electric vehicles. Under this, if a person buys an electric vehicle with a loan, he can avail a discount of up to Rs 1.5 lakh for interest payment.
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