Union power minister Piyush Goyal has said that electric cars henceforth sold in Maharashtra State will not be taxed. He added that a formal announcement will be made soon. There will be no value added tax, road tax and registration charges on electric vehicles sold in the state.
My Goyal was speaking to journalists at the Mahindra World City here on the sidelines of the inauguration of a bio-mass plant using waste food.
“Currently electric cars are subject to VAT, road tax and registration charges. I spoke to state chief minister Devendra Fadnavis and suggested waiver of all types of taxes on electric cars and he has agreed,” Goyal told TOI. He added “We will ask BJP-ruled states to waive tax for electric cars but with other states the proposal should come from interested states,”
Mahindra Reva is the only four wheeler company making electric cars in India currently. Apart from that there a few companies making electric two wheelers.
“We are selling around 8 to 10 electric cars in Mumbai and other districts of Maharashtra. Across the country, the company sells 75 Reva cars a month. We can ramp up production of electric cars to 2,500 a month,” said Mahindra and Mahindra executive director Pawan Goenka. The company sells the maximum number of e-cars a month in Bengaluru followed by Delhi and Mumbai, he said. “The car currently costs Rs 5 lakh but the price will differ from each city. Tax waiver by Maharashtra is a boost for e-cars,” he added
There are also plans to have chargers for electric cars at petrol pumps across the country. “This will help cars on the move to get charged. If entrepreneurs are forthcoming, e-charging stations can be a separate unit which will further reduce pollution,” said Goyal.
Mahindra is planning to launch the electric Verito at the Auto Expo 2016 in February. The e2o will also benefit with a price reduction thanks to this announcement. We hope the government extends benefit to hybrid cars as well. With infrastructure in place, many people would love go green in future.
We applaud this move by the government and hope this puts more electric cars on the road thereby saving our environment.
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