Electric Vehicle Tax Benefit 2024. The rapidly growing electric vehicle (ev) industry is requesting a reduction in the goods and services tax (gst) rate on components and an extension of the faster adoption and. Tax incentives for electric cars.

Under section 80eeb of the income tax act, individual taxpayers can claim a deduction of up to rs 1,50,000 on the interest paid for a loan used to buy an. This initiative incentivizes individuals by offering tax.