Several countries across the world have taxes based on the amount of carbon dioxide emitted by vehicles. There is a 5% GST on electric cars, but for petrol cars, the GST is 48%. In India, hybrid vehicles attract the same GST as their internal combustion engine (ICE) counterparts. According to Gadkari, people prefer electric vehicles because they are cost-effective, pollution-free, and indigenous. How to apportion the creditBlockage of Credit in respect of Motor Vehicles, Vessels and Aircraft; their servicing repair & maintenance.

Source: Economic Times June 12, 2023 15:44 UTC