TN authorities rolls out 100% tax exemption for e-vehicles

2020/11 02 20:11

In a significant increase to the adoption of electrical autos within the State, the Tamil Nadu authorities has handed on order for 100 per cent exemption of motorcar tax for battery-operated autos (BOVs).

The State authorities had earlier issued orders for a 50 per cent concessional charge of lifetime tax in respect of battery-operated two-wheelers and four-wheelers of non-transport autos. Nonetheless, a request was made for a 100 per cent exemption by the Transport Commissioner.

The federal government stated that after cautious examination it has determined to grant a full tax exemption for all BOVs.

All BOVs, each transport and non-transport (EVs), are exempted from cost of motorcar tax beneath the Act from November three, 2020 to December 31, 2022, stated the federal government order dated November 2.

After establishing itself as a hub for automotive manufacturing, the Tamil Nadu authorities has been making a number of efforts to emerge as a pretty centre for electrical mobility. Final yr, it launched a separate coverage for EVs, paving the best way for contemporary investments by a number of gamers into EV manufacturing and related areas.

In March 2020, the State authorities introduced it might additionally plan a futuristic EV charging station utilizing solar energy at a authorities campus.

This EV charging station will provide gradual and quick cost options. Relying on the success of this mannequin, the federal government plans to ramp up the variety of such stations.

Nationwide push

Delhi has introduced an exemption of highway tax on all EVs or BOVs whereas States like Telangana, which just lately introduced a brand new EV coverage, provide 100 per cent exemption in highway tax and registration charges for early adopters in several EV segments.

“Recently, there was plenty of constructive information on the EV coverage entrance from the Central and State governments that has led to the next confidence amongst OEMs, part suppliers and traders,” stated Sohinder Gill, Director Basic, Society of Producers of Electrical Automobiles.

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