New Delhi: U parliamentary The committee has recommended the government to increase the subsidy on the purchase of private electric 3- and 4-wheelers, as done to promote the adoption of electric two-wheelers. Fame-II. It has also called for an increase in import duties on “child parts” – small parts that are assembled together to make critical parts – in a phased manner until these components are manufactured locally, noting that Keeping in mind that some of these items are still imported from countries. including China.
The panel has also suggested to reduce GST at rates hybrid electric vehicle (HEV). It took note of how EV cars are currently taxed at 5% and large HEVs are taxed at 43% (28% GST plus 15% cess).
“EVS reduces the energy consumption on the internal combustion engine (ICE) by up to 75%, while HEV reduces the energy consumption on the ICE by 30-45% without any external charger. Hence, HEV also in the case of EV are entitled to exemption on GST rate. GST support of HEVs will help the entire ecosystem and provide impetus to EVs,” said the Parliamentary Standing Committee on Industry.
The committee, in its report, noted that despite considerable progress in the localization of key parts, automakers are still importing some baby parts from other countries such as China.
The panel has also suggested to reduce GST at rates hybrid electric vehicle (HEV). It took note of how EV cars are currently taxed at 5% and large HEVs are taxed at 43% (28% GST plus 15% cess).
“EVS reduces the energy consumption on the internal combustion engine (ICE) by up to 75%, while HEV reduces the energy consumption on the ICE by 30-45% without any external charger. Hence, HEV also in the case of EV are entitled to exemption on GST rate. GST support of HEVs will help the entire ecosystem and provide impetus to EVs,” said the Parliamentary Standing Committee on Industry.
The committee, in its report, noted that despite considerable progress in the localization of key parts, automakers are still importing some baby parts from other countries such as China.
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