India cuts tax on electric vehicles

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Sun, 2019-07-28 01:55

NEW DELHI: India on Saturday slashed taxes on electric vehicles and chargers, as it looks to encourage the use of more environmentally friendly cars.
The goods and services tax (GST) on electric vehicles and chargers was reduced to 5 percent from a previous 12 percent and 18 percent, respectively, India’s finance ministry said in a statement.

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