EVs are fast winning over the hesitant buyer. Better charging infra will accelerate it further

India has been quite forward looking on electric vehicles (EVs). A comprehensive range of incentives and tax breaks are in place for the promotion of the use of EVs. EVs are levied only 5% GST making the price to the buyer of an EV substantially lower. An income tax deduction up to 1.5 lakhs a year on interest paid on a loan taken for buying an EV is provided for the first purchase of an EV by a person.The charging infrastructure is already being seen as the constraint holding many potential buyers back. The Power Ministry has fortunately liberalised their guidelines recently making them investor and market friendly.