ev makers seek lower duty on components, batteries - home battery pack
Chennai: The electric vehicle industry is seeking to rationalize tariffs on batteries, motors, control units and other components currently imported by OEMs.
Automakers pay a 18% tax on goods and services for batteries.
The rest of the components charge 12% and 18%, while electric vehicles are sold at a 12% GST.
This creates an anomaly that is squeezing pure
Play electric games
Most of them are small companies or start-ups.
"The Goods and Services Tax for batteries is 18%, but the goods and services tax for vehicles is 12%.
The components of the system are usually lower than the GST, so the GST for ordinary cars is 28%, while the component is only 18%.
But in the electrical sector, although the government has changed the tax on goods and services produced, the government has not changed the tax on goods and services invested, "Chetan Maini said.
Founder and vice chairman of Sun Mobility, EV solutions.
In small vehicles such as motorcycles, which include most of the electronics
Maini added that in India, the cost of the battery pack is 40% of the price of the vehicle.
"It's a big cash issue, especially for many startups including us.
"All original equipment manufacturers in India import their batteries, motors, control units and some other widgets.
If the duty structure on these vehicles (
At component level)
It becomes more obvious, then it will definitely see the growth of the bat curve, "CEO Go GreenEoT agrees with Dhivik Ashok.
In addition, the entire electric vehicle ecosystem is generating a range of new businesses, including battery charging and switching stations.
"Currently fees and exchanges are services, and the GST for services is 18%," said Maini . ".
This is another anomaly, he added.
"The public's energy utilization rate shall be 5% per cent;
Why is 18% GST charged to the end customer? ” said Maini.
In addition, the electric vehicle industry is also supporting more structural reforms in the ecosystem.
Sohinder Gill, director-general, said: "SMEV recommends nominal green success for all internal combustion engines to create a corpus and make electric vehicles and infrastructure an integral part of smart city projects, association of electric vehicle manufacturers (SMEV).
A senior government official said that the second stage of fame (
Faster Adoption and manufacturing of hybrid and electric vehicles)
India plans to launch in the first week of February.
At an event on Monday, Arbinda Mitra, science secretary of the Office of the chief scientific adviser of the Indian government, said that in the second Hall of Fame mission, the government will allocate 350 rupees so far, coordinated investments in research and innovation to address the development of batteries and their components, motors using rare batteries
Materials and electronic control systems.