EV buyers will not have to pay the 4% road tax for 2 years.
The state of Tamil Nadu has waived off road tax on electric vehicles (EVs).
EV buyers in the state will not have to pay the road tax of 4% for 2 years starting from November 1, 2020 till December 31, 2022. This move will bring down the cost of electric vehicles in the state significantly and is expected to help promote their adoption.
The move is part of the state government’s EV policy that includes attracting large scale investments of Rs. 50,000 crore in the sector and creating around 1.5 lakh new jobs.
Tamil Nadu isn’t the only state to have announced tax exemptions on EVs. Delhi was the first state to announce a tax waiver.
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