Electric vehicles (EVs) are transforming the global automobile industry, and India is no exception. Here are the latest developments that will impact EV enthusiasts and the industry at large. Let’s dive into the details.
1. GST Council’s Tax Hike on Used EVs: What It Means for Buyers and Sellers
The GST Council has increased the tax on pre-owned electric vehicles sold by businesses from 5% to 18%. This decision has sparked criticism from the opposition, who argue that it could harm the resale market and discourage EV adoption.
The government’s rationale is to ensure uniformity in taxation policies. However, many believe this move might slow the growth of the used EV market.
Impact Summary:
| Aspect | Previous GST Rate | New GST Rate | Potential Impact |
|---|---|---|---|
| Tax Rate on Used EVs | 5% | 18% | Higher resale costs; reduced demand. |
| EV Adoption Rates | Positive Growth | Potential Decline | May discourage buyers opting for used EVs. |
Read More: hindustantimes
2. India’s Bold Goal: 30% EVs in New Sales by 2030
India has set an ambitious target of achieving 30% of new vehicle sales as EVs by 2030. The government plans to achieve this by:
- Offering incentives under schemes like FAME-II.
- Providing tax benefits for EV buyers.
- Building a robust EV charging infrastructure across the country.
This goal is expected to reduce dependence on fossil fuels and position India as a leader in the global EV market. If successful, it could significantly lower carbon emissions and boost domestic EV manufacturing.
Read More: entrepreneur
3. Ola Electric’s Surprise: 4,000 New EV Outlets Coming This December!
In a move to celebrate the festive season, ola electric has announced its plan to expand its network to 4,000 outlets across India by December 25.
This rapid expansion aims to:
- Improve customer accessibility.
- Enhance after-sales services.
- Cater to both urban and rural EV users.
The initiative, marketed as a “Christmas gift” to customers, demonstrates the ola electric’s dedication to making EVs more accessible across India.
Read More: auto.hindustantimes
4. Kia Syros EV Set for 2026: Pricing, Features, and More!
Kia Motors is planning to launch the Kia Syros EV, a compact electric SUV, by 2026. The Syros EV is expected to cater to the mid-segment market with competitive pricing and features.
Expected Specifications:
| Feature | Details |
|---|---|
| Price Range | ₹25 to ₹30 lakh |
| Range (Single Charge) | 400–500 km |
| Key Features | ADAS, fast charging, connected tech |
| Target Audience | Mid-segment EV buyers |
With its advanced features, the Kia Syros EV is likely to become a strong contender in the growing electric SUV market.
Read More: zigwheels
5. Bajaj Chetak Electric Scooter 2024: What’s New at ₹1.20 Lakh?
Bajaj Auto has introduced an updated version of the Chetak Electric Scooter, priced at ₹1.20 lakh (ex-showroom). The new model features:
- Improved Range: Suitable for daily urban commuting.
- Digital Instrument Cluster: Provides real-time ride information.
- Premium Design: A blend of modern and classic aesthetics.
This new version is an excellent choice for urban commuters looking for a stylish and reliable electric scooter.
Key Features of Bajaj Chetak Electric Scooter:
| Feature | Details |
|---|---|
| Price | ₹1.20 lakh |
| Range (Single Charge) | 90–100 km |
| Design | Classic & Modern |
| Features | Digital Cluster |
Read More: ndtv
Conclusion
The EV industry in India continues to evolve with significant policy changes, ambitious goals, and exciting new launches. Whether it’s the government’s push for EV adoption, the launch of new models, or infrastructure expansion, the future of electric mobility in India looks promising.
Stay tuned for more updates as we cover the latest news in the EV world!
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