Business Standard

Electric ambitions

EV adoption requires supporting eco-system

There's a better answer than electric cars
Premium

Business Standard Editorial Comment
Last week, the government added heft to its policy to promote electric vehicles (EVs) by slashing the goods and services tax (GST) on them from 12 to 5 per cent and on chargers from 18 to 5 per cent with effect from August 1. It has also exempted from the GST the hiring of electric buses by local authorities with a carrying capacity of more than 12 people. These come soon after a tax break in the Budget providing an additional income tax deduction of Rs 1.5 lakh on interest paid on loans to buy EVs. Both seek to augment

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2019 | 11:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com