A complete of 13,92,265 Electric Vehicles (EVs) are getting used on the roads of India as on third August 2022, as per information obtainable with the Ministry of Road Transport and Highways.
In a written reply to a query within the Rajya Sabha, Minister of State for Heavy Industries Krishan Pal Gurjar knowledgeable that the best variety of electrical autos in India is three-wheeler. The whole variety of three-wheeler stands at 7,93,370. Total variety of two-wheeler stands at 5,44,643. The variety of four-wheeler and above stands at 54,252 as on third August 2022.
Further, sale of EVs in FY 2021-22 has gone up over 3 times as in comparison with sale of EVs in FY 2020-21 from to 1,34,460.
The minister knowledgeable the parliament that the federal government has taken various steps to spice up the adoption of electrical autos within the nation.
Government on twelfth May, 2021 authorized the Production Linked Incentive (PLI) scheme for manufacturing of Advanced Chemistry Cell (ACC) within the nation to be able to deliver down costs of battery within the nation. Drop in battery costs will lead to price discount of electrical autos.
Electric Vehicles are eligible for incentives underneath PLI scheme for Automobile and auto Components, which was authorized on fifteenth September 2021 with a budgetary outlay of Rs 25,938 crore for a interval of 5 years.
GST on electrical autos has been decreased from 12% to five%; GST on chargers/ charging stations for electrical autos has been decreased from 18% to five%.
Ministry of Road Transport & Highways (MoRTH) introduced that battery-operated autos will likely be given inexperienced license plates and be exempted from allow necessities.
MoRTH issued a notification advising states to waive street tax on EVs, which in flip will assist cut back the preliminary price of EVs, the minister knowledgeable.
Source: auto.economictimes.indiatimes.com