The government has notified the scheme to promote manufacturing of electrically operated passenger vehicles (EVs) in India and issued two notifications 19/2024-Customs and 20/2024-Customs both dated March 15, 2024, exempting the social welfare surcharge and reducing the basic customs duty (BCD) to 15 per cent on imports of EVs falling under the heading 8703… Continue reading New electric vehicle scheme links lower import duty with FDI | Expert Views
Tag: vehicle
Electric vehicle penetration gap widens between India and other nations
As stakeholders debate whether electric vehicle (EV) subsidies should be continued or withdrawn, data shows that India’s EV penetration, or the sales of EVs as a percentage of total vehicle sales, is way behind many key countries in the world. And India will need to do some serious catching up to even meet the… Continue reading Electric vehicle penetration gap widens between India and other nations
Centre plans to scrap mandatory electric vehicle incentive-linked tests
The Centre is planning to scrap the mandatory battery safety tests required to get incentives under the government’s production-linked incentive (PLI) schemes. The decision comes after a committee headed by the Automotive Research Association of India (ARAI) director submitted its re-examination report to the Ministry of Heavy Industries last month, Business Standard has… Continue reading Centre plans to scrap mandatory electric vehicle incentive-linked tests