India Consider Tax Cuts For Imported EVs ...Middle East

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India Consider Tax Cuts For Imported EVs
source : OILPRICE ( Middle East ) () 17
India is considering tax cuts for imported electric vehicles following lobbying from Tesla, Reuters has reported, citing two senior government officials. According to the sources who wished to remain anonymous, one of the tax cuts being considered is of 20 percentage points, from 60 percent to 40 percent, on imported electric vehicles that cost less than $40,000, including the vehicle’s cost, freight, and insurance. For electric cars that cost over $40,000, the cut being considered is even more sizeable, from 100 percent to 60 percent, the…

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