Budget 2019: EV Startups Demand Reduction In Import Duty, GST And Better Charging Infrastructure
31 Jan 2019 1:45 AM GMT
This Interim Budget 2019, EV-verse startups have made numerous demands from the government. Read more>>
- Back in 2012, following China which after recoding worst air quality during the Beijing Olympics (2008) had geared up the production of electric vehicles (EVs), India too had come up with the National Electric Mobility Mission Plan (NEMMP) which aimed to have 6-7 million EVs by 2020.
- Meanwhile, the centre has further extended the EV subsidy scheme dubbed as FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) in limited capacity up to March 31, 2019.
- Tarun Mehta, cofounder and CEO, Ather Energy said, “There are three areas that we would like the budget to focus on – component cost, encouraging Make in India and rationalisation & simplification of the GST structure.
- However, Lithium is not the only issue with the Indian EV industry; but the import duty on other components like motors, charging infrastructure and technology are other issues that the government must look into.
- Mehta said, “To address the key cost challenges that industry faces, we would like to see reduced import duties on Lithium-ion cells, motors and motor controllers.
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