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Startups in EV ecosystem cheered by govt’s push for e-mobility in budget

According to Tarun Mehta, founder and chief executive, Ather Energy, an electric scooter manufacturing startup, the government has already moved the GST Council to lower GST on EVs from 12% to 5%, and the additional income tax reduction is a major boost for end consumers to purchase EVs.

“It addresses the concern of the upfront cost of purchasing electric vehicles. This is the best example of a consumer-driven change and is also how Ather envisions the EV sector to achieve scale and growth. It now becomes imperative that OEMs chalk out plans that allow the industry to scale up and meet the demand for compelling products,” Mehta added.

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July 8, 2019

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