Electric Car: No Road Tax

 

     Nowadays, a car is a must for every family. Introduced first in 1885/1886 by Karl Benz, it has been accepted as the most convenient way to travel from one place to another. It has been considered some of the most important inventions of all time.

 

Air Pollution

     According to a recent report, the consumption of car has been increased significantly by 40% in the last five years. However, this increase is also responsible for one major issue throughout the world.

 

     The fuel consumption of these vehicles leads to the emission of air pollution and greenhouse gases. This is increasing global warming at an alarming rate.

 

     To solve this big issue, many companies have taken a step forward and introduced Electric Cars in the market.

 

What exactly is an Electric Car?

 

     An Electric Car refers to any car that runs by one or more electric motors, using rechargeable batteries. These electric cars are eco-friendly and don’t contribute to air pollution. To charge an electric car, several charging stations are also introduced worldwide where one can park their car and charge it.

    

What’s the news?

 

     Recently, the Delhi government has planned to introduce several measures to promote electric vehicles in the market. One such measure is the Exemption of Road Tax of up to 100% on the replacement of an old petrol/diesel/CNG vehicle with a new electric vehicle.

 

    The State Transport Minister has said that “Major incentives will be given for buying electric vehicles.” This means that we can get up to 100% exemption of road tax if we purchase a new electric vehicle with this policy. How much that would be?

Electric Cars in India

      Let’s suppose, you purchase a vehicle of 10 lakhs. Road tax currently stands at 7%, that would be Rs.70,000/-. With this new electric policy, you will be able to save this Rs.70,000/- on every electric vehicle purchase or replacement.

 

     The government’s electric vehicle is now completely ready and will soon be implemented for general public. We can expect to hear more about it in the upcoming months.

 

What do you think about this new Electric Policy? Do you like the idea of exemption of Road Tax on Electric Cars? Let us know in the comments below. We will be back soon with more news and content. Meanwhile, don’t forget to check our website for cools deals on Cars’ Insurance and Finance services.

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