While presenting the general budget on July 5, Finance Minister Nirmala Sitharaman made several announcements to promote electric vehicles. For instance, the GST rate on electric vehicles was reduced from 12 percent to 5 percent. In the same way, an additional tax rebate of Rs 1.5 lakh was given on the interest paid on the loans taken for the purchase of electric vehicles.
Apart from this, the announcement of grant of discount was also done on charging points across the country. Now the government has sought a proposal from companies to prepare the charging infrastructure.
Heavy Industries Ministry said that proposals have been invited from the units wishing to set up infrastructure for electric vehicle charging in more than 10 lakh cities.
These cities are also included in which smart cities have not been notified by the Ministry of Housing and Urban Affairs. The Ministry of Heavy Industries said, “Initially, the target of establishing 1,000 EV charging stations has been made through the interest letter.”
According to the Ministry, the last date for submission of interest proposal is 20 August. Explain that the government has recently approved the second phase of the Fame Scheme (the scheme to accelerate the use of power vehicles and the promotion of manufacturing). The budgetary support of a total of Rs 10,000 crore has been given for this three-year plan starting from 1st April, 2019.