Quick Summary
The Electric Vehicle (EV) industry is calling on the government to slash the GST on EV batteries from the current 18% to 5%, aligning it with the GST rate applied to electric vehicles. The industry argues that this step is essential for making EVs more affordable and accelerating their adoption in I
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FAQ :
The EV industry is requesting that the GST on EV batteries be reduced from the current 18% to 5%, aligning it with the GST rate applied to electric vehicles.
Lowering the GST on batteries to 5% is expected to make EVs more affordable by allowing manufacturers to pass on cost benefits to consumers, thus accelerating adoption.
The industry is advocating for EV charging stations to be granted 'infrastructure status'.
Granting infrastructure status would reduce borrowing costs for investors and attract private investment, helping to deploy charging networks faster and improve service quality.
Yes, the industry is also urging the government to address delays in Production Linked Incentive (PLI) disbursements and ease value addition norms to support domestic manufacturing.
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