1.Some state governments give subsidy for purchases electric vehicles,
2.Maharashtra offers maximum subsidy 1.5 lakh on 4-wheeler EV for first 10,000 buyers and Rs 10,000 for 2-wheeler EV.
3. a. For electric vehicles purchased using loanthere is one do discount on interestUp to Rs 1.5 lakh for individuals under section 80EEB of the Income Tax Act.
4. Center offers lower GST rate of 5% for all electric vehicles.
5.Maharashtra has waived off road tax and registration fee for all electric vehicles in the state.
2.Maharashtra offers maximum subsidy 1.5 lakh on 4-wheeler EV for first 10,000 buyers and Rs 10,000 for 2-wheeler EV.
3. a. For electric vehicles purchased using loanthere is one do discount on interestUp to Rs 1.5 lakh for individuals under section 80EEB of the Income Tax Act.
4. Center offers lower GST rate of 5% for all electric vehicles.
5.Maharashtra has waived off road tax and registration fee for all electric vehicles in the state.
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Content on this page is courtesy of Center for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.