� Thinking of Going Electric? Here’s Why Now Is the Perfect Time! �
Curious about making the switch to an electric vehicle (EV) in India? The incentives are better than ever! �⚡️ Discover how you can benefit from an array of tax savings and subsidies that not only make EVs more affordable but also contribute to a greener future. �
� **Save Big on Income Tax**: Under Section 80EEB, if you’ve taken an EV loan between April 1, 2019, and March 31, 2023, you can claim up to ₹150,000 on interest paid. This is exclusive to the old tax regime.
� **Lower GST Rates**: The GST on EVs has dropped from 12% to 5%, making EVs more wallet-friendly. Plus, EV chargers and stations also enjoy a reduced GST rate of 5%.
� **Business Perks**: If you’re buying EVs for business, enjoy accelerated depreciation up to 40%! This means quicker recovery of your investment compared to traditional vehicles.
� **Substantial FAME II Subsidies**: Benefit from the FAME II scheme which offers subsidies based on battery capacity, bringing down the initial buying cost of both two-wheelers and four-wheelers.
� **Custom Duty Exemptions**: With custom duty removed on select EV parts, domestic manufacturing costs are set to decrease, offering more competitive pricing.
These financial incentives are designed to inspire more Indians to join the electric revolution. Calculate the savings, consider the environment, and plug into the future!
� Love what you’re learning? Give us a like! Have experiences or questions to share? Drop them in the comments! And don’t forget to share this post to spread the EV buzz.
� Ready to make the switch? Explore your options today and drive change.
#ElectricVehicles #SustainableIndia
