EMobilityPlus’ Post

GST Reforms Drive India’s EV Revolution: A Push for Greener Mobility Electric vehicles (EVs) in India are gaining traction, thanks to a significantly reduced Goods and Services Tax (GST) rate of 5%—one of the lowest across the automotive sector. This stands in stark contrast to the 28% GST levied on traditional internal combustion engine (ICE) vehicles. The policy, aimed at fostering sustainable mobility, extends to electric cars, two-wheelers, three-wheelers, and buses, making them increasingly affordable for consumers and businesses alike. Why It Matters The 5% GST rate is designed to: GST Challenges and Industry Demands While EVs enjoy a favorable tax rate, key components like lithium-ion batteries and charging services are […] - https://lnkd.in/dTzUKmBD #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #asia #automotive #buses #car #electricthree-wheelers #electrictwo-wheelers #electricvehicles #greenmobility #gst #ice #india #newdelhi #sustainablemobility