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Govt plans Rs 12,000-levy on petrol, diesel cars to spur EV demand: Report

NITI Aayog has proposed incentives of up to Rs 25,000 -50,000 to be directly transferred to EV buyers

Reuters 

The Indian government has drafted a plan to levy a fee of Rs 12,000 ($171.09) on new petrol and diesel cars in an attempt to boost the manufacturing of electric vehicles (EV) and battery-driven automobiles, the Times of India reported on Wednesday. Under a new policy that is nearing finalisation, National Institution for Transforming India (NITI), a government policy think-tank, has proposed incentives of up to Rs 25,000 -50,000 be directly transferred to EV buyers, ensuring that gains are not pocketed by auto manufacturers, government officials told TOI. New incentives ...

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First Published: Wed, December 19 2018. 12:46 IST
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