The Ministry of Road Transport and Highways (MoRTH) has announced that all battery-operated vehicles will be exempted from the payment of fees for issue or renewal of registration certificates (RC) and assignment of the new registration mark. This is being done with an aim to boost EV adoption in the country.
Besides this, the central government has announced a 50 percent increase in FAME II incentives for EV manufacturers to Rs 15,000 per kWh. Moreover, the GST that is being levied on electric vehicles is also at the lowest slab of 5 percent in comparison to 28 percent for petrol bikes. In addition to the central government, there are many state governments who are taking proactive steps to increase the adoption of electric vehicles in the country. Furthermore, all the customers who purchase electric vehicles in various states are being given incentives ranging from Rs 11,000 - Rs 20,000 per bike. These incentives vary depending upon the state you reside. India’s market leader in electric motorbikes, Revolt Motors, has welcomed the registration of waiver charges on electric vehicles by MoRTH.
“The proactive approach of the Central Govt. in providing incentives for electric vehicles clearly shows the seriousness of Govt. to accelerate EV adoption in the country. These incentives make EVs buying more attractive for customers versus any petrol bikes,” as commented by Anjali Rattan, Business Chairman of RattanIndia Enterprises.
The government of India is working aggressively to control pollution by reducing dependency on internal combustion engine vehicles in the country. The government is effortlessly trying to put out credible infrastructure for electric vehicles.