Electric Vehicle: If you are planning to buy an electric vehicle, we have a piece of good news for you. In a recent advisory, the Ministry of Road Transport and Highways has advised all the states to waive road tax on electric vehicles. If implemented by states on the ground, this initiative will help reduce the high upfront cost of electric vehicles. The Ministry of Road Transport and Highways has taken this step as a part of the Shoonya campaign which aims to promote zero-pollution mobility in India.
Ministry Of Road Transport Shares on X
Benefits of Road Tax Waiver on Electric Vehicles
Faster EV adoption
The road tax exemption will incentivise people to buy Electric vehicles leading to a cleaner transportation sector and achieving air quality and emission reduction goals faster.
Lower upfront cost
The waiver road tax makes electric vehicles more affordable by reducing the high upfront cost of these vehicles. This will potentially accelerate their EV adoption by individuals.
Road tax exemption on electric vehicles will encourage people to choose EVs over conventional vehicles. This will encourage individuals to contribute their part in reducing air pollution and greenhouse gas emissions which will improve public health and combat climate change.