Loan, Personal Loan, Home Loan, Business Loan,Loans in India Loan in India, Personal Loan, Home Loan, Business Loan, Loans in India,Loan Finance,Loan in India, Get Instant Personal Loan,Home Loan, Business Loans in India
What are the subsidies and waivers available on purchase of electric vehicles
[ad_1]
1.Some state governments offer subsidies for purchasing electric vehicles.
2.Maharashtra offers a maximum subsidy of Rs.1.5 lakh on a 4-wheeler EV for the first 10,000 buyers, and Rs.10,000 for 2-wheeler EVs.
3.For electric vehicles purchased using a loan, there is a tax exemption on the interest, of up to Rs.1.5 lakh for individuals, under Section 80EEB of the Income Tax Act.
4.The Centre offers a low GST rate of 5% for all electric vehicles.
5.Maharashtra has waived road tax and registration fee for all electric vehicles in the state.
[ad_2]
2.Maharashtra offers a maximum subsidy of Rs.1.5 lakh on a 4-wheeler EV for the first 10,000 buyers, and Rs.10,000 for 2-wheeler EVs.
3.For electric vehicles purchased using a loan, there is a tax exemption on the interest, of up to Rs.1.5 lakh for individuals, under Section 80EEB of the Income Tax Act.
4.The Centre offers a low GST rate of 5% for all electric vehicles.
5.Maharashtra has waived road tax and registration fee for all electric vehicles in the state.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.