Tesla reportedly gets India to consider slashing taxes on EV imports

Tesla, Indian government, imported

The Indian government is considering tax cut from 60% to 40% for imported EVs.

According to a report from , the authorities are considering these revised tax rates for EVs valued at less than $40,000 — inclusive of cost, insurance, and freight. The report noted that for EVs costing more than $40,000, the revised tax rate would be 60% — down from 100%.

In July, Elon Musk said he wants to bring Tesla to India, but import taxes are too high. And currently, the company doesn’t have any facility in the country to produce its vehicles. The company also made to the government later in the month to reduce taxes and present a proposal to set up manufacturing in India.

The Reuters report noted that while overseas carmakers like Mercedez have appealed to reduce tax rates in the past, the Indian government is considering it for the first time after Tesla’s appeal.

We want to do so, but import duties are the highest in the world by far of any large country!

Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.

— Elon Musk (@elonmusk)

While Tesla and other foreign carmakers like Hyundai are , Indian manufacturers like Ola and Tata want local companies to benefit from these cuts as well.

Car sales in India hover around 3 million per year, but EVs aren’t popular enough to make a dent in overall market share. That’s not surprising, given that they’re generally significantly more expensive than the raft of ICE models available, and the country doesn’t yet have much of a public charging point infrastructure to speak of.

India has ambitious goals for EV adoption: it wants  by 2030. But there’s a long way to go for that.

Internet Explorer Channel Network
News Related

OTHER NEWS

Twitter introduces Labs for Blue subscribers

Twitter Blue is limited to Canada and Australia for now Earlier this year, Twitter introduced its paid subscription service called Twitter Blue. Paid members get benefits such as folders, an ... Read more »

A free Metroid Dread demo is now available for Nintendo Switch

Nintendo has released a free demo for Metroid Dread, which is available to download now from the Nintendo Switch eShop. The demo is available in all regions, so everyone can ... Read more »

Singpass users welcome acceptance of digital IC at more places

SINGAPORE – IT trainer Kendra Ong used to fret that she would sometimes leave her identity card (IC) behind whenever she had to use it. The 67-year-old often needed to ... Read more »

VPN Black Friday deals 2021: early offers now live

Black Friday isn’t just a time to save on physical goods – it’s also a great opportunity to snap up great discounts and offers on software you’d rather not pay ... Read more »

'World's first' unisex condom invented by Malaysian gynaecologist

The condoms are made using polyurethane, a material which features in transparent wound dressings that are so thin "once you put it on, you often don't realise that it's there". Read more »

Britain's most expensive towns for council tax revealed

most expensive towns uk for council tax – PA Anticipated council tax rises will have little impact on wealthy homeowners in the richest areas of London while increasing the tax ... Read more »

Adam Peaty's girlfriend speaks out over Katya Jones for a second time

Adam Peaty's girlfriend, Eirianedd Munro, has spoken out again over Katya Jones following the Strictly Come Dancing couple's near-kiss drama. To recap, it all started after Adam and Katya's Argentine ... Read more »

Apple sued in China for selling iPhones without charger: Report

A group of university students in China has sued tech giant Apple for not including a charger with an iPhone 12 Pro Max, media reports say.The students claimed the included ... Read more »

Uber aims for 50,000 Teslas on its platform by 2023

Ride-hailing company Uber is acquiring 50,000 Tesla vehicles to rent to its drivers as part of an ambitious plan to electrify its fleet in the US by 2030.The ride-hailing company ... Read more »

Apple allows users to rate and review party-apps like Messages, Phone, Safari and Photos

Apple allowed users to rate and review first-party apps for the first-time in 2021 under regulatory pressure before going into an antitrust investigation. Apple has now offered some more of ... Read more »

Microsoft is apparently force installing this annoying Windows 11 upgrade tool

Microsoft is looking to speed up the migration to Windows 11 by forcefully installing its suitability checker app on user’s machines. BleepingComputer spotted that the latest Windows 10 update includes ... Read more »

Best online courses to learn Spanish in 2021

The best online courses to learn Spanish make it simple and easy to learn to speak Spanish, from beginning to advanced users. Mastering a new programming language can surely have ... Read more »

Rapid 5G rollout is 'fundamental' to EU's climate targets

5G is “fundamental” in European efforts to achieve its climate targets but the slow rollout of next-generation networks could jeopardise progress, a study by Ericsson has warned. The UN says ... Read more »

Halloween Uber riders could get picked up in a fantasy vehicle straight out of pop culture

This Halloween could bring a surprise treat for some Uber riders in three U.S. cities: Atlanta, Los Angeles and Miami. Anyone who orders an Uber X ride October 29-31 in ... Read more »

Watch: Game of Thrones actor tries to beat Age of Empires 4 trebuchet

Microsoft’s highly-awaited Age of Empires 4 will launch today at 8.30PM IST and can be purchased for PC on Steam, Windows Store and Xbox Game Pass. As a part of ... Read more »

Microsoft Outlook update will save you from your own tired brain

Microsoft is working on an update for email service Outlook that will help users eliminate mistakes from their messages. As per a new entry in the company’s product roadmap, Outlook ... Read more »

Oppo A54s launched in UK with 50MP camera, 5000mAh battery

Oppo has launched its new smartphone Oppo A54s in the UK. The device is the successor to the Oppo A54 smartphone that was launched in India in April. Price and ... Read more »

Best Linux distros of 2021 for beginners, mainstream and advanced users

Linux distros come in all shapes and sizes. Literally. From miniscule ones that weigh in at just over 100 MB and can be lugged around in USB disks to 4GB ... Read more »

VW-Aktie schwach: Volkswagen von Chip-Engpässen belastet - Diess warnt vor Stellenabbau

Beim Volkswagen-Konzern hinterlassen die umfangreichen Produktionsstopps wegen des Chipmangels deutliche Spuren. © Bereitgestellt von Finanzen.net DANIEL ROLAND/AFP/Getty Images So geht das Unternehmen wegen des jüngsten Einbruchs der Verkäufe nun nicht ... Read more »

Arcane: 5 things we want to see in the League of Legends Netflix series

There are less than two weeks left until the premiere of Arcane, the upcoming League of Legends animated series on Netflix. The hype around the series is building up, with ... Read more »

Lloyds shares surge as mortgage boom doubles profits

Lloyds saw a 96% surge in pre-tax profits to £2bn. Photo: Tolga Akmen/AFP via Getty Lloyds Banking Group (LLOY.L) has upgraded its outlook for the year after posting better-than-expected profits ... Read more »

China wants e-commerce sites to stop spam ahead of Singles Day

The Chinese government wants e-commerce sites and retailers to take it easy on text message and email promotions for the upcoming Singles’ Day event. Reuters reports that the country’s Ministry ... Read more »

Gordon Ramsay just hit back at the radio host who called his daughter Tilly 'chubby'

Photo credit: Matilda Ramsay – Instagram Gordon Ramsay has spoken out against the radio host who called his 19-year-old daughter, Tilly (who is currently starring on Strictly Come Dancing), a ... Read more »

Nokia third-quarter profit beats expectations despite chip shortage

Wireless and fixed network equipment maker Nokia has reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global ... Read more »

Apple Music on PS5 is great if you're bored of Spotify – but its best feature is missing

Apple Music has arrived on the PS5, making it the first console to support the company’s music streaming service. For the past six years, PlayStation users have been limited to ... Read more »

UK travel red list ‘to be reduced to zero' as Covid threat from abroad eases

UK travel red list ‘to be reduced to zero’ as Covid threat from abroad eases The UK is set to remove all seven remaining countries on the travel “red list” ... Read more »

Fans say second viral Little Mix video shows rift in band

Photo credit: Stuart C. Wilson – Getty Images Little Mix fans are pretty eagle-eyed when it comes to picking up things about the band, and after speculating about tension in ... Read more »

Building cyber security on a national level

Cyber criminals operating in our increasingly digitized world have an abundance of online opportunities to exploit unsuspecting victims and make a profit, cause destabilization or both. Threats are so rife ... Read more »

Intel Core i9-12900K is already showing seriously impressive overclocking potential

Intel’s Core i9-12900K has only just been unveiled, and it’s already breaking world records on the performance front. As Tom’s Hardware reports, the freshly revealed Alder Lake flagship processor managed ... Read more »

Does an Instant Pot use a lot of electricity?

Instant Pots are extremely popular kitchen appliances that allow you to cook some of your family favorites like stews, casseroles, and tender ribs. They offer a multitude of cooking methods ... Read more »

LinkedIn wants to help freelancers find their next job

LinkedIn has unveiled new feature looking to help freelancers and businesses find each other easier as remote working grows more popular. Called Service Marketplace, the premise of the feature is ... Read more »

Samsung Heavy to sell new shares to 6 group affiliates

By Nam Kwang-sik SEOUL, Oct. 28 (Yonhap) — Samsung Heavy Industries Co. said Thursday it will allot part of new shares to six Samsung Group affiliates, including Samsung Electronics Co. ... Read more »

Kelly Osbourne returns to social media and makes incredible announcement

Kelly Osbourne has reappeared on social media after a three-month silence to mark two very special occasions – her 37th birthday and being five months sober. READ: Kelly Osbourne hits ... Read more »

Snoop Dogg says Dr. Dre is working on music for an upcoming ‘GTA' game

From the “GTA Online: Further Adventures in Finance and Felony” trailer | Photo credit: Rockstar Games / YouTube screenshot There is not much major news about the “Grand Theft Auto” ... Read more »

I've no idea what Little Devil Inside is about – but I can't wait for it

Sony’s latest State of Play event may not have been its most exciting to date, but it did finally give us our first in-depth look at the upcoming Little Devil ... Read more »

Microsoft Teams could be about to solve one of its most annoying flaws

Navigating your way around Microsoft Teams could soon get a lot easier thanks to a new upgrade in the works. The video conferencing software has announced that it is working ... Read more »

Nokia T20 Android tablet is expected to launch in India soon

NEW DELHI: Nokia T20 tablet is expected to launch in India soon. HMD Global, the company which holds the license to manufacture Nokia branded products, is said to launch the ... Read more »

PS5 update: Sony finally announces Apple Music integration for console gamers

Photo credit: Tamara Bitter on Unsplash Any activity that goes on for several hours is usually made better with music playing in the background. The same goes for gaming. Apple Music subscribers were ... Read more »

Inexpensive antidepressant can cut Covid hospitalisation risk, says study

Costing about $4 per 10-day course, fluvoxamine could be a game-changer for low-income countries that have low vaccination rates and lack access to more advanced Covid-19 therapies, scientists say (Getty ... Read more »

American man revealed to be Sitting Bull's great grandson via DNA test

Native American leader Sitting Bull, who died in 1890, is seen in this picture from circa 1885 (Handout/National Portrait Gallery, Smith/AFP via Getty Images) A South Dakota man has been ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic