India is considering reducing import taxes on some high-value electric vehicles. New Delhi is contemplating a 30% concessional tariff on up to 2,500 electric vehicles annually imported from the UK, priced over USD 80,000. The move aims to address a key issue in ongoing trade talks, potentially delaying the agreement s announcement until December.
Brexit Tarrif EVs: With many EV batteries imported from China, the tariffs would hit automakers both in Britain and the EU and could lead to higher EV prices for consumers, hindering efforts to cut carbon emissions.
China s largest electric vehicle (EV) maker, BYD, faces allegations of tax evasion on imported car parts used in the vehicles assembled by the company in India, according to sources familiar with the matter. The Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax of 730 million rupees (USD 9m), although the automaker has since deposited that sum.