Tax Deduction for Electric Vehicle - GST Council Meeting: Will EV Batteries, Charging Get Cheaper? Will this News Attract the Big Investors?
November 20, 2024
Tax Deduction for Electric Vehicle - India is on the brink of an electric vehicle (EV) revolution, but high taxes on batteries and charging services are slowing progress. This blog explores the current EV landscape, challenges, and the urgent need for taxation reforms highlighted by Tarun Kapoor, Prime Minister Modi’s adviser. With proposed reductions in GST and strategic policy measures, India can accelerate EV adoption, reduce pollution, and position itself as a global leader in sustainable mobility.
