EV Industry seeks GST cut on batteries & infra status for charging stations in Budget

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Mobility Energy and Transportation

Ev industry seeks gst cut on batteries & infra status for charging stations in budget

16 Jan 2025

1 min read

Among its key budgetary expectations, the industry highlights that the disparity between GST rates on EVs and batteries significantly impacts cost structures. “Bringing GST on EV batteries in line with the 5 per cent rate applied to electric vehicles is a crucial step toward reducing costs and making clean mobility more affordable for the masses. A uniform GST rate can enable manufacturers to pass on cost benefits to consumers, accelerating India’s journey toward a greener future,” said Kshiteej Mishra, Practice Leader, Mobility, Energy and Transportation at Praxis Global Alliance. Read more at Hindu Business Line below:

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EV Industry seeks GST cut on batteries & infra status for charging stations in Budget | PraxisGA