GST rate on batteries needs to be lowered

In the past year, favourable Government policies and confidence in the sector has led to a surge in EV sales and production, exiting the nascent stage. With the upcoming budget we’re hoping for an equitable landscape with subsidies and incentives, across state and centre. This will not only increase production, but also sales, usability and support. Additionally, the GST rate on batteries needs to be lowered from 18% down to 5%, in line with Battery EVs, which will bring battery swapping and battery subscription in line with traditional EVs, a much needed step.

- Avinash Sharma, Co-Founder & CEO, ElectricPe