Thinking of ditching your gas-guzzler for an eco-friendly electric vehicle (EV)? Think again, Delhiites! The national capital's war on pollution has just gotten a whole lot pricier.
In a shocking move, the Delhi government has revoked the road tax and safety cess waiver on EVs effective from September 1, making such vehicles about 10 per cent costlier in Delhi, even as 23 other states are luring eco-conscious customers with sweet incentives.
Industry executives and sector experts warn that this price hike may not only hinder Delhi's EV adoption goals and dampen interest in green vehicles but could also set a precedent for other states. Delhi has not only removed the tax waiver but is now imposing the highest road tax and safety cess rates in the country, according to an analysis of Ola Electric's online sales database by Business Standard.
This story is from the September 09, 2024 edition of Business Standard.
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This story is from the September 09, 2024 edition of Business Standard.
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