FICCI urges GST cut on EV Batteries and Charging to Promote Affordability

The Federation of Indian Chambers of Commerce and Industry (FICCI) urged the government to reduce GST on electric vehicle (EV) batteries and charging infrastructure to promote affordability. FICCI highlighted the need for lower GST rates to make EVs more accessible and support the transition to cleaner transportation. The industry body emphasized that reducing GST on EV components would help lower the overall cost of EVs, encouraging more consumers to adopt electric vehicles. This recommendation aligns with the government’s goals of promoting sustainable transportation and reducing carbon emissions. FICCI’s call for a GST cut aims to support the growth of the EV market and enhance the affordability of EVs for consumers.