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Electric Vehicles in India




There is an EV car for every pocket. Costlier the better. India has around nine EV cars as on date.




Few more EVs will probably hit the Indian Market in the next few months. The probables are:




Though the models are increasing in number, Indian customers are little hesitant to buy EV cars due to various reasons.


Advantages of EV Cars

1.There is no emission and it is good for the environment.
2.Maintenance cost is expected to be low due to less number of moving parts.
3.The average running cost is low and is at around Rs. 0.8/km for an EV. It is around Rs 4.2/km for diesel and Rs. 5.7/km for petrol.
4.GST rate for EV is only 5%. It is 28% for other vehicles.
5.There is a tax deduction upto Rs. 1,50,000 for interest paid when the vehicle is bought on loan under section 80EEB from the assessment year 2020-21 onwards.