Industry seeks GST correction, duty relief for EVs ahead of Budget - ET Auto

Electric vehicle makers have urged the government to correct the inverted duty structure and preserve a clear GST advantage for EVs, warning that recent tax changes for internal combustion engine (ICE) vehicles have narrowed the price gap and weakened the total cost of ownership benefit of electric mobility. While EVs continue to attract 5 per cent GST, key components such as power electronics and…