Electric vehicle to be exempted from registration certificate fee in India 2021
The Ministry of Road Transport and Highways(MoRTH) said that it has released a notification to exempt EVs from the payment of taxes for renewal registration or issue certificate. In a statement, the ministry also added it has also exempted EVs from the payment of fees for the assignment of new registration marks. This has been done to encourage e-mobility.
When it comes to stopping pollution by reducing dependency on ICE vehicles, India is very far behind everyone on the list of countries with so the greatest number of vehicles. Let won’t alone be in the list of countries with the greatest number of vehicles like China or the US. Both of which are far from India, our nation is not smaller than European nations which have a smaller number of vehicles than even one state in India.
If one asks, what is the problem?
In the beginning, the cost of buying an EV is much costlier than the Internal Combustion engine vehicles.
The major problem for decreasing sales for EVs in India is Infrastructure.
- Electric Vehicle name seems like new in this society not everyone knows about EV and their importance. So, EV takes time to become a boom in the environment.
- Meanwhile, the Indian government is working so fast and smart in building infrastructure for electric vehicles so that India can be eco-friendly transportation and reduce pollution emitted from IC engines. In the upcoming years, there is a chance for India to become a green India and eco-friendly vehicle.
- All these facts reduce the costs of vehicles. In any situation, on comparing IC engine and EV 8 out of 10 people will choose petrol/diesel vehicles. While comparing with prices and maintained lifetime period of EV is much less than petrol cars.
The state and central government took a serious decision to make people know more about EVs and to make India a pollution-free country. Central government implementing subsidies under FAME II scheme.
Fame II by Central Government
The government approved Phase II of the FAME Scheme for a total of three years. FAME is to produce 7000 Electric busses, five lakhs Electric three-wheelers, 55000 Electric Four-Wheeler passengers Cars, and ten lakh+ Two-wheelers(electric).
- Two-wheelers: Rs 15000 per kWh of battery capacity.
- Four-wheelers: Rs 10000 per kWh of battery capacity.
- EVs are presently by the Ministry of Finance to ease the load of buying an EV.
- Schemes that are not under the FAME II:
- Electric vehicles are available at a very low rate GST of 5% per vehicle.
- First-time ownerships can get a loan profitable of up to Rs 1.5 lakhs.
- States exempted from road tax for electric vehicles are Delhi, Gujarat, Rajasthan, Meghalaya, Karnataka, Andhra Pradesh, and Telangana.
Electric Vehicles are the best future and we are seeing progress in its enlightened way. It feels very proud of the Indian government providing the state incentives for the greener surrounding. Why are we waiting? Come let us join our hands together and contribute towards a safer and healthier surrounding. To find more detailed information contact Kazam_EV.
Who are we?
We at Kazam, we take care of our EV buyers and give them complete EV solutions. From battery and charging solutions to the range and cost of electric vehicles. Make an appointment right now! Visit Kazam EV at https://www.kazam.in/ for more information, or send us a message on our social media handles Kazam EV, and we will respond to your kazamly.