India cuts taxes for electric cars, chargers

123 RF / Bunlue Nantaprom

Authorities in India are taking steps to encourage more people to use environment-friendly cars.

They've reduced the goods and services tax (GST) on electric vehicles and chargers.

According to India's finance ministry, taxes on electric cars and their chargers are now just 5 per cent instead of 12 per cent and 18 per cent respectively.

India wants electric vehicles to make up 30 per cent of all passenger vehicle sales in the country by 2030.

More from Business News

On Virgin Radio today

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • Ed Sheeran - UAE EXCLUSIVE

    Latest album, what happened with BTS, raising a baby girl, eye surgery, and more!

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!