Transport Minister Ramalinga Reddy on Wednesday rolled back a proposal to levy 20 per cent tax on electric vehicles costing above Rs 20 lakh, following a nudge from lawmakers across parties, including the ruling Congress.
Reddy had proposed 20 per cent lifetime tax on new electric vehicles as part of the Karnataka Motor Vehicles Taxation (Second Amendment) Bill.
The Bill was passed by the Assembly after the minister agreed to drop the 20 per cent tax proposal. The amended version of the Bill proposes 10% tax on electric vehicles.
