Addressing BNEF Summit, Gadkari said initially costs of manufacturing electric vehicles were high, but as demand has increased, production costs have dropped, making further subsidies unnecessary.
“Consumers are now choosing electric and compressed natural gas (CNG) vehicles on their own and I do not think we need to provide much subsidy for electric vehicles,” the Road Transport and Highways Minister said.
The minister pointed out that GST on electric vehicle is lower than petrol and diesel vehicles. “In my opinion, manufacturing of electric vehicles no longer needs to be subsidised by the government.
“The ask for subsidies isn’t justified anymore,” he said.
At present, 28 per cent GST is levied on vehicles powered by internal combustion engines, including hybrids, and 5 per cent on electric vehicles.
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Denne historien er fra 06 September 2024-utgaven av Millennium Post Delhi.
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Sinner and Alcaraz placed in different groups for ATP Finals
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Hyderabad FC ride on Alba's brace to beat Kerala Blasters
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An amalgamation of MUSIC AND CULTURE
It'll be held at Meghdoot Amphitheatres
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Every question and doubt only fueled my determination
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Champions Trophy: India likely to play in UAE
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SISA launches AI-powered MXDR solutions for Cybersecurity in Saudi
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