Technology

The Indian government might waver off road tax for Electric Vehicles

Electric Vehicles is the way forward for the whole world. The population of the world is increasing day by day and the resources are decreasing. Petrol and Diesel are going to be our past in some years and the only way forward will be Electric Vehicles. All the countries are working towards the EV revolution and are taking steps to increase their pace.

One of the countries that have managed to do it with a brilliant plan is Norway. They are leading the way and have 47% Electric Vehicles on the road. The example of Norway can be given to any country as the Scandinavian country’s road map to achieving that number has been superb. You can find the same here. Many other countries have tried to impose EVs but lack the infrastructure to pull it off.

One such country which has a lot of ambition but lacks the infrastructure in India. India has a lot of plans for EVs but the plans are not working at all. They are trying very hard with all the policies and organizations set up only for the EV revolution. That said, the recent news from the government is that there are new rules coming out just for the sake of EVs. This might be huge for EV makers as India is going to take a huge step.

India does not have a lot of auto-manufacturers who produce EVs. There was a panel named just to increase the adaptation of emobility in India. It is led by Pradeep Kumar Sinha and has suggested multiple changes. The panel has suggested several bonuses for EV makers and buyers to the government. Apart from this, there are several other suggestions which the panel came up with.

The other suggestions were like exemption all the EV vehicles of road tax. The basic customs duty on EV components to be lessened or a total exemption on the components. Apart from that, the GST (Goods and Services Tax) rates on all the things related to EV should be lessened. The parking charges for EVs should also be exempted. The decisions on all of these will be taken today in the Prime Minister’s Office (PMO).

The decisions, whatever they may be will have to be acted upon immediately by certain organizations. Department of Revenue, Department of Heavy Industries, and the Ministry of Road Transport and Highways are the associations which will take care of the further paperwork. These are the associations which make sure that the decisions are executed. Apart from this Niti Aayog will be the agency that will look after the execution of all these decisions. The government has not yet finalized the full proof EV policy but has taken a lot of inputs and initiatives to boost emobility in India. The Government e-Marketplace (GeM) might be the place where there will be orders taken from government departments and those orders will be in bulk.

That said, the Ministry of Housing and Urban Affairs decided to reserve 20% of the parking spaces of commercial and residential buildings to EVs. All of these measures are in line to achieve government goal of 30% electric vehicles in all of India by the year 2030. The government has promised subsidies for all kinds of Electric Vehicles ranging from two, three and four wheelers.

– Unmesh Phule

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