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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

Electric Vehicles India

Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. Exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power. There will be exemption of renewal and road taxes for five years if an existing petroleum vehicle switches to battery power.

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Scrappage Policy in India: Will It Boost EV Adoption?

Get Electric Vehicle

The Voluntary Vehicle Fleet Modernisation Programme, often known as the vehicle scrappage program, was launched on August 13 by Prime Minister Narendra Modi. . The Vehicle Scrappage Policy’s Highlights. The scrappage program is claimed to benefit India’s ailing automotive industry. Scrappage Policy and EV Sector.

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Maharashtra unveils new EV Policy 2021 

Electric Vehicles India

Electric vehicles in Maharashtra will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh and the housing societies will get rebates in property tax for setting up charging stations. It has said that EVs will be exempt from road tax and registration charges. Scrappage incentive.

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Reducing the cost of electric vehicles

Electric Vehicles India

GST on electric vehicles has been reduced from 12% to 5%; GST on chargers/ charging stations for electric vehicles has been reduced from 18% to 5%. MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.

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Deloitte study concludes mass adoption of EVs in Europe is some distance away

Green Car Congress

However, while interest in electric vehicles is growing, with 69% of respondents willing to consider an EV today, current market offerings generally fall far short of consumers’ expectations for driving range, charging time, and purchase price. Range, price and charging concerns need to be addressed.

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New UK Report Welcomes Moves to Promote Green Cars but Stresses Importance of Policies to Reduce Car Use

Green Car Congress

It also discusses fuel taxes and prices, which affect both travel and vehicle choices. There is no point forcing car makers to produce low carbon options if no-one will buy them, so it is right that ambitious regulation is combined with grants and other incentives—including taxes on gas guzzlers—to deliver a transformation of the car fleet.

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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

Another element in the plan includes possible civil and criminal charges against manufacturers implementing emissions defeat devices, with fines of up to £50,000 (US$65,000) per instance. This includes investing nearly £100m in the UK’s charging infrastructure and funding the Plug In Car and Plug In Van Grant Schemes.

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