Is electric vehicle tax free in India?
What are the tax benefits of EV vehicles? Under Section 80EEB, EV buyers can get a tax exemption on electric vehicles of up to ₹1. For most electric car drivers, the cost of road tax (VED) in 2026 is £195 per 12 months. This is expected to increase to £200 for 12 months from 1st April 2026. Drivers of more expensive EVs also have to pay an Expensive Car Supplement, or ‘Luxury Car Tax,’ annually for five years.The Indian EV market is expected to grow by 47. Under Section 80EEB, buyers can claim up to ₹1. EV loan interest. EVs benefit from various tax exemptions and incentives, including reduced GST and road tax exemptions.
What is the disadvantage of EV cars?
The Problem with EV Batteries. The International Energy Agency (IEA) tells us that an electric vehicle requires six times the mineral inputs of a gasoline-powered vehicle. EV battery packs are made with materials that are expensive, and in some cases, toxic and flammable. Modern EVs retain 80-90% of battery capacity after 8-10 years, contain 99% fewer moving parts than petrol engines, and require 40% less maintenance. Advanced battery management systems and comprehensive 8-10 year warranties make today’s EVs among the most reliable vehicles available.According to the National Renewable Energy Laboratory, EV owners can expect today’s batteries to last 12 to 15 years in moderate climates – longer than most people own their vehicles. It can be hard to put an exact number on EV battery life, and there are factors that EV owners can control and some they can’t.