https://www.taxtmi.com/news?id=21628 The Budget expands incentives to promote electric vehicle manufacturing and adoption by prioritizing advanced batteries and registered e vehicles under FAME Scheme Phase II, adding solar storage batteries and charging infrastructure to the scheme, and providing upfront purchase incentives. Complementary fiscal measures include a proposed GST reduction on electric vehicles, an additional income tax deduction for interest on loans to purchase electric vehicles, and specified customs duty exemptions on certain parts to support affordability and domestic production. en-us Fri, 05 Jul 2019 16:39:36 +0530 Fri, 05 Jul 2019 16:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21628 The Budget expands incentives to promote electric vehicle manufacturing and adoption by prioritizing advanced batteries and registered e vehicles under FAME Scheme Phase II, adding solar storage batteries and charging infrastructure to the scheme, and providing upfront purchase incentives. Complementary fiscal measures include a proposed GST reduction on electric vehicles, an additional income tax deduction for interest on loans to purchase electric vehicles, and specified customs duty exemptions on certain parts to support affordability and domestic production. News - Fri, 05 Jul 2019 16:39:36 +0530 https://www.taxtmi.com/news?id=21628