Karnataka, India, introduces tax cuts and incentives for hybrid and electric vehicles to boost clean mobility.
Karnataka, India, is set to reduce taxes and offer financial incentives to boost the clean mobility sector. The state will eliminate road tax and registration fees for hybrid cars priced under $30,000, previously taxed at 13% to 18%. Additionally, it will provide up to 25% incentives on capital investments for electric vehicle manufacturers. This initiative aims to increase the adoption of clean vehicles and attract investments in the electric vehicle industry.
September 25, 2024
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