{"id":429855,"date":"2021-08-10T08:30:35","date_gmt":"2021-08-10T03:00:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429855"},"modified":"2021-08-10T09:29:53","modified_gmt":"2021-08-10T03:59:53","slug":"india-considering-sharp-import-tax-cuts-on-evs-after-tesla-lobbying-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-considering-sharp-import-tax-cuts-on-evs-after-tesla-lobbying-report\/","title":{"rendered":"India considering sharp import tax cuts on EVs after Tesla lobbying: Report"},"content":{"rendered":"<p>India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc&#8217;s appeals for a cut polarised the country&#8217;s auto industry.<\/p>\n<p>For imported electric vehicles (EVs) with a value of less than $40,000 &#8211; including the car&#8217;s cost, insurance and freight &#8211; the government is discussing slashing the tax rate to 40% from 60% presently, the officials told Reuters.<\/p>\n<p>For EVs valued at more than $40,000, it is looking at cutting the rate to 60% from 100%, they said.<\/p>\n<p>&#8220;We haven&#8217;t firmed up the reduction in duties yet, but there are discussions that are ongoing,&#8221; one of the officials said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc&#8217;s appeals for a cut polarised the country&#8217;s auto industry. For imported electric vehicles (EVs) with a value of less than $40,000 &#8211; including the car&#8217;s cost, insurance and freight &#8211; the government is discussing slashing the tax rate to 40% from 60% presently, the officials told Reuters. For EVs valued at more than $40,000, it is looking at cutting the rate to 60% from 100%, they said. &#8220;We haven&#8217;t firmed up the reduction in duties yet, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-429855","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=429855"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429855\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}