The finance ministry thinks petrol and diesel cars should be taxed more to avoid the additional financial burden that the government incurs as it incentivises buyers under the FAME scheme for electric cars
2 min read11 Jul 2018The government has set a target of increasing the number of electric cars to 4% of the overall new vehicle sales in the next five years starting from 2018-19.
3 min read31 May 2018Driven by lithium-ion batteries and low cost of acquisition, electric two-wheelers could lead mass adoption of electric vehicles in India
12 min read13 Feb 2018A joint study by Assocham and global advisory services firm EY said, although EVs are not yet mainstream, government push and increasing consumer awareness are driving EV adoption in India
1 min read11 Feb 2018Power minister R.K. Singh says that tax incentives are needed to promote electric vehicles and his ministry will soon bring in regulations to address issues in the sector
1 min read24 Jan 2018China's government will continue to exempt the 10% purchase tax on new-energy vehicles at least through 2020
2 min read5 Dec 2017Auto Component Manufacturers Association of India is conducting a study to assess the impact of the transition to electric vehicles on the auto industry
2 min read23 Nov 2017India's move towards an electric vehicles future has been backed up by a supportive tax structure and policies, and a potentially large local market
4 min read25 Aug 2017The decision is part of the ambitious government plans for a mass scale shift to electric vehicles by 2030
3 min read15 Apr 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared