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EV Industry Calls for GST Reduction to Boost Adoption ⚡🚗 At the FICCI National Conference on EVs, Sulajja Firodia Motwani, Chair of the FICCI Electric Vehicle Committee, urged the government to cut GST on batteries and charging services to make electric vehicles (EVs) more affordable and boost customer adoption. Currently, GST on charging services is at 18%, and batteries are taxed at 18%, while EVs themselves have a GST of just 5%. Motwani emphasized the need to lower these to 5% to make EVs and their components more competitive. Motwani also highlighted the growing demand for electric vehicles and the importance of enhancing the PM E-Drive scheme and making EVs part of priority sector lending to provide affordable financing for consumers. As the Indian EV market grows, FICCI President Anish Shah pointed out that electric four-wheelers have only a 1.5% market penetration in India, indicating much work is needed to make EVs more appealing and accessible to a wider audience. He also called on the industry to take the lead in driving EV adoption. With a strong government push and industry innovation, India’s electric mobility future looks promising! 🔋 What do you think about reducing GST on EV components? Share your thoughts in the comments below! Let’s discuss how we can drive electric mobility forward! 🚗⚡ 👉 Follow Ev Spectrum for more content on Ev. / https://lnkd.in/dHarhDEc #ElectricVehicles #GSTReform #GreenMobility #SustainableFuture #PMEDrive #EVAdoption #ElectricFuture #FICCI #EVInfrastructure #ElectricCars #IndiaEV #MahindraEV #ev #EVdesign #electricalvehicle #events #Evcars #mobility #batteries #charging #charginginfrastructure #charginginfrastructure #electricmobility #evcharging #innovation #electric #ev #electricvehicles #electricscooter #electriccars #electricbike #ebike #zeroemissions #emobility #charginginfrastructure #escooters #cars #electricmobility #teslamotors #car #scooter #gogreen #model #ecofriendly #goelectric #evnews #electriccharging #autonews #evcharginginfrastructure #chargingstation #makeinindia #evtruck

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