SMEV writes to Gadkari; seeks unified policy of road tax exemption for EVs dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Road tax and registration fees aren t just bureaucratic formalities; they re pivotal factors influencing the rise or fall of EVs, SMEV Chief Evangelist Sanjay Kaul said.
Society Of Manufacturers Of Electric Vehicles: "I am writing to request your esteemed office to weigh in on a unified policy of road tax exemption for EVs that will play a pivotal role in encouraging the adoption of clean and sustainable transportation options, which is vital for our nation s environmental and economic future," SMEV Chief Evangelist Sanjay Kaul wrote.
The Society of Manufacturers of Electric Vehicles (SMEV) has requested the Indian government to establish a consistent policy of road tax exemption for electric vehicles (EVs) throughout the country. SMEV believes that a unified policy is crucial to accelerate the adoption of EVs in India. Currently, the patchwork of road tax policies across states is hindering the growth of the EV market. SMEV suggests that a centralised advisory from the government could help eliminate confusion and encourage widespread adoption of EVs.
Seven electric two-wheeler companies in India have collectively lost over Rs 9,000 crore ($1.2bn) in unpaid dues and market loss after their subsidies were stopped last year, according to the Society of Manufacturers of Electric Vehicles (SMEV). The Indian government has told the companies to refund the subsidies availed by them. The companies may have to absorb unpaid dues, interest, debt, loss of market share, reputational loss and the cost of capital along with potential recapitalisation.