Electrifying Impetus: Delhi govt waiving road tax for EVs is a big boost
The centre did its bit to encourage electric vehicles (EVs) when it offered tax exemption on electric cars. Earlier, in 2019, the GST Council accepted the proposal of a lower 5% GST on EVs. Now, the Delhi government has waived off road tax on EVs. Last month, it had announced that it would soon be rolling out the subsidies under its EV policy. The road tax waiver results in savings of Rs 1.5 lakh on a Rs 14-lakh car. With the subsidy scheme, the cost difference with a comparable ICE car can be recovered in just 1-3 years.
