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NEW DELHI: India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the Narendra Modi government. The GST Council is set to take up the proposal at its June 20 meeting, said a senior government official aware of the development. “There is a proposal to cut tax rates on EVs among other issues,” the official told ET.
NITI Aayog has proposed that only electric vehicles should be sold after 2030, expanding the scope of the clean fuel technology beyond two- and three-wheelers. Transport minister Nitin Gadkari - who had once threatened to mandate EVs from 2030 - said that the roadmap will be decided after consulting the auto industry.