Budget 2025: EV Industry Seeks GST Simplification and Incentives

The electric vehicle (EV) industry has voiced concerns to the government ahead of Budget 2025, urging the need for simplification of GST norms and additional incentives to foster growth. The industry is particularly seeking a reduction in GST rates for EVs and related components, aiming to boost affordability and encourage adoption. EV manufacturers and stakeholders are also requesting long-term policy support for infrastructure development and technological advancements. Simplified procedures for GST filing and the introduction of incentives for green technologies have been highlighted as essential for boosting the sector’s potential. By fostering an attractive financial and regulatory environment, the government can further align its policies with global sustainability goals, supporting India’s transition toward a greener economy.