Electric Vehicle Sale: The demand for electric vehicles has been increasing in India for a long time now. In such a situation, many car makers are bringing or preparing to bring electric models of their famous cars. The future of electric cars is quite good in the coming times. Along with this, the government is also providing subsidy in the form of financial assistance on the purchase of electric vehicles.
Discount on buying electric car
In such a situation, people have turned very fast towards electric cars. In such a situation, if you are also thinking of buying an electric car or are planning to take an electric car, then let us tell you that you can get a lot of benefit.
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Benefits will also be available in GST
For information, let us tell you that people who buy electric cars also get exemption in income tax. The government has taken this step to increase the sale of electric vehicles. People who buy EV vehicles will get benefits under Income Tax as well as GST. Let us tell you here that on the purchase of another car, a tax of up to 40 percent has to be paid.
At the same time, only 5 per cent GST is levied on the purchase of electric vehicles. In such a situation, you can save a lot of money by buying an electric vehicle. Let us tell you that till now 12 to 18 percent GST has to be paid on the purchase of electric vehicles. At the same time, a tax of 28 percent has to be paid on the purchase of a luxury car. In addition, a cess of 15% is also to be paid.
Growing range of electric cars
In such a situation, the big companies of the automobile sector have introduced many cars with great features. At the same time, in view of the increasing demand for cars, electric car makers have launched cars in the market at affordable prices. In this episode, Tata’s name remains at number one in the case of electric cars. Tata has done a great job in the electric car sector.
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