Electric two-wheeler maker Revolt Motors on Wednesday said the waiver of registration charges for electric vehicles (EVs) will be a big boost for sales of such vehicles.
The decision by the Ministry of Road Transport and Highways to waive off registration charges for EVs will make these vehicles affordable for the customers, the RattanIndia-backed company said.
“The proactive approach of the central government in providing incentives for electric vehicles clearly shows the seriousness of the government to accelerate EV adoption in the country. These incentives make EVs buying more attractive for customers versus any petrol bikes,” RattanIndia Enterprises Business Chairman Anjali Rattan said in a statement.
The company said the latest amendment to Central Motor Vehicles Rules, 1989 towards waiver of registration charges for EVs comes in the backdrop of slew of incentives given by the centre and various state governments to boost EV adoption in the country. The Centre had recently announced a 50 pc increase in FAME II incentives for electric two-wheelers to Rs 15,000 per KWh from Rs 10,000 per KWh. Already, GST on EVs is also at the lowest slab of 5 per cent versus 28 per cent for petrol bikes.
Besides, Maharashtra is giving an incentive of Rs 25,000 per bike, Gujarat has an incentive of Rs 20,000 per bike and Delhi has an incentive of Rs 16,200 per bike, over and above FAME II incentives by Centre, it added.
