In the upcoming Budget, the electric vehicle (EV) industry expects to see reductions in road and registration taxes for EV taxi aggregators so that they are able to develop viable public transportation alternatives.
“With ample renewable energy resources, technology, and an evolving consumer mindset, the Indian Electric Vehicle (EV) industry is on the cusp of great innovation. We believe that 2020 can be the year when EVs go mainstream. Last year’s budget witnessed the government pushing the segment with multiple initiatives – be it lowering the GST on EVs or providing additional tax deductions on EV loans,” Nimish Trivedi, Co-Founder of Prakriti E-mobility, said.
