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of <h1>Electric Vehicle Tax Incentives Boost Green Transportation with Substantial Loan-Based Deductions for Eco-Friendly Vehicle Purchases</h1> A legal analysis of tax incentives for electric vehicle purchases reveals legislative efforts to promote green transportation. The provisions offer tax deductions up to INR 1,50,000 for individuals obtaining loans from financial institutions to purchase electric vehicles. The policy aims to encourage sustainable transportation by providing financial incentives, supporting environmental goals, and reducing carbon emissions through targeted tax benefits for electric vehicle acquisition.
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