If you are planning to buy a car, then there is good news for you that soon no fee will be charged on the registration certificate or renewal of the electric vehicle.
The government is working in full swing to promote electric vehicles. Now the government has taken another big step in this regard. The Ministry of Road Transport and Highways (MoRTH) has released a draft which proposes to exempt Battery Operated Vehicles (BOVs) from payment of fee for renewal of Registration Certificate (RC) and assignment of new registration mark.
This means that on the purchase of a new electric vehicle, no fee will be charged on its registration certificate or renewal. However, in Rule 81 of the Central Motor Vehicle Rules, 1989, no other information has been given in it except adding a line. More information about this is yet to come.
The notification states that “For Battery Operated Vehicles as defined in Rule 2(U), the fee for issuance or renewal of registration certificate of these vehicles and assignment of new register mark shall be exempted. The ministry has proposed to exempt such vehicles. The Ministry of Road Transport and Highways (MoRTH) has said that this will encourage the use of electric vehicles.
If we talk about now, then the demand for electric vehicles in India has increased a lot. In such a situation, if this rule comes into effect, then more and more customers can adopt electric vehicles. Along with this, demand will also increase and with this it will affect the manufacturers to make batteries in India. This will also reduce the cost of buying electric vehicles in the Indian market. Batteries require more cost to make and due to not much demand for electric vehicles, no company wants to invest in making electric vehicle batteries right now. Although many automakers are planning to launch cars and bikes these days.
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