Kerala to draw more tax from Rs 15 lakh+ EVs to charge up revenue

The Kerala government on Friday announced to hike road taxes for private electric vehicles (EVs) priced above Rs 15 lakh in its bid to capitalise on the state’s EV boom, a move which industry players believe may dampen EV sales and its rapid penetration. Kerala tops the country in EV penetration.

  The lifetime road tax on EVs costing above Rs 15 lakh was raised to 8 per cent of the vehicle’s price, from the current 5 per cent.

  While those EVs priced at Rs 20 lakh and above will be taxed at 10 per cent. The government also introduced a