Due to the high prices of electric vehicles, the attraction towards it is not increasing. In such a situation, people living in Delhi have a big advantage. At this time, the cheapest electric vehicles are available in Delhi only. The main reason for this is that Delhi Chief Minister Arvind Kejriwal has waived the registration fees for electric vehicles. It includes a battery-powered car, bike and rickshaw. Earlier, the Delhi government had announced to waive road tax for electric vehicles.
Road tax in Delhi on electric vehicles abolished
The Central and State Government are giving incentives to encourage electric vehicles in the country. To promote electric vehicles, the central government had offered tax exemption on these. Last year in 2019, the GST Council also approved a proposal to reduce the GST rate on electric vehicles. At present, these vehicles attract GST of 5 percent. After the central government, the Delhi government has now given a huge gift to the people by waiving the road tax on electric vehicles. Last month, the Delhi government had said that the subsidy under EV policy should be removed soon.
Road tax of 1.5 lakh will be saved on 14 lakh car
How much relief will be given to the common people after this exemption given by Delhi government, it can be estimated that this will save about Rs 1.5 lakh road tax on a car of Rs 14 lakh. After this relief given by the Delhi government, the gap between ICE cars (biofuel-powered vehicles like diesel, petrol and gas etc.) and electric vehicles can be bridged between one to three years.
Plan to increase charging infrastructure
In addition to giving exemption in road tax, the Delhi government is also working on a plan to increase the charging infrastructure. However, increasing the information about these vehicles in the market and the less options available in the market for customers can thwart the government’s plan. If the central government wants to promote electric vehicles, it will have to lighten its stricter standards and by reducing the duty on EV imports, more and more manufacturers in the Indian market will have to approve their electric vehicles.
More emphasis on electric vehicles due to pollution
At present, more emphasis is being laid on electric vehicles all over the world. The main reason for this is that pollution is increasing rapidly around the world and if it is not stopped in time, it can cause problems in the near future. To tackle this problem, people are being encouraged to adopt electric trains instead of diesel-petrol powered vehicles.
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