Budget 2023: EVs could get cheaper

The finance minister announced that to promote the adoption of cleaner transport alternatives, the government has decided to exempt capital goods and machinery required to manufacture lithium-ion cells for batteries used in EVs. Custom duty on lithium-ion batteries themselves has further been reduced from 21 percent to 13 percent on commodities except for textiles and agriculture.

from Times of India https://ift.tt/rXenqwo
February 01, 2023 at 12:22AM