To speed up the process, the government has also reduced 5% GST on electric vehicles
In an effort to boost electric vehicle production in India, the Government of India has now undertaken various steps to set up more EV charging points. Nitin Gadkari, Minister for Road, Transport and Highways announces to set up at least one charging kiosk across for every 69,000 petrol pumps in the country. He mentioned that this initiative would encourage people to go for electric vehicles and speed up sales.
The minister further highlighted that unless more value is given to increase charging stations, people will not opt for EVs and hence there must be one charging kiosk in every petrol pump. To speed up the process, the government has also reduced 5% GST on electric vehicles. Moreover, the minister also delinked the battery cost of two- and three-wheelers from the overall cost of the vehicles. It is ultimately reducing the overall cost by at least 30%.
The minister has requested EV manufacturers to reduce the cost of overall products to magnetise more customers and for the time being keep aside the profit to obtain the benefits later. He further added, “Reducing cost may result in some losses initially, but will bring great benefits. As a marketing strategy, you have to reduce the cost to get numbers.”
In a press release, the minister said, “Battery charging ecosystem is very important…government is planning set up at least one electric vehicle charging kiosk at around 69 thousand petrol pumps across the country to induce people to go for electric mobility.