Registration fee exemption on cards for Electric Vehicles
To aid the adoption of electric vehicles, the central government has planned to waive the registrations certificate fees for electric vehicles. MoRTH informed that a draft notification has been issued proposing to exempt EVs from payment of registration fees and is in the process of amending the Central Motor Vehicles Rules, 1989 proposing to exempt battery-operated vehicles (BOV) from payment of fees for issue or renewal of registration certificate (RC) and assignment of new registration mark. India has committed to reducing its carbon footprint by at least a third of 2005 levels before 2030. To further accelerate the growth and adoption of electric vehicles, India has also approved ₹18,100 crore production linked incentive for the creation of giga-factories. The plan is to set up a 50 GWh capacity battery production plant and the move will attract investments of ₹45,000 crore. This will help with reducing the overall pollution in some of India's major cities as well as reduce the country's dependence on conventional fuel thereby reducing the cost of oil imports. This has been notified to encourage e-mobility. Comments from general public and all stakeholders have been sought within a period of thirty days from the date of issuance of this draft notification. Currently, electric cars are more expensive than their internal combustion engine (ICE) counterparts and charging infrastructure is still not suitable for the widespread adoption of EVs. However, the waiver of issuance and renewal of registration fees could attract customers into considering a cleaner mode of transport.
📅Published on:
03 June 2021
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