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The government has extended incentives on electric vehicles under FAME-1 till March
2018 or till a policy is notified by NITI Aayog, whichever is earlier.
The government has extended incentives on electric vehicles under FAME-1 till March
2018 or till a policy is n... Read More
Sales of electric vehicles are expected to accelerate nearly 40% to 35,000 units in
FY18. Electric two-wheelers are likely to account for most of these sales at about
31,000 units. Sales of electric cars are expected to double to 4,000 units.
A uniform tax of 12% has been levied on electric vehicles under GST.
Post GST, prices of electric vehicles have dropped in most states such as Uttar
Pradesh and Bihar by 9%. Prices of EVs have increased in states such as
Chhattisgarh, Rajasthan and Uttarakhand.
The government has a vision to convert majority of the new vehicle fleet in the
country to an all-electric mode by 2030 to reduce dependence on fossil fuels and
emissions.
The NITI Aayog is working with ministries of road transport and highways, power,
new and renewable energy, heavy industries, and petroleum and natural gas to put in
place a comprehensive policy to attain this objective.