In the last three months, hybrid car sales have increased while EV sales have decreased nationwide.
Manoj Kumar Sungh, the chief secretary of the Uttar Pradesh government, informed the media that the administration has no plans to completely remove the registration fee waiver for plug-in hybrid cars following multiple rounds of talks with the main automakers. The chief secretary made it quite evident that these businesses are receiving waivers and incentives in an effort to promote electric vehicles and displace gasoline-powered automobiles. A client of an ICE automobile will be replaced by a customer of a hybrid car, according to certain sources with knowledge of the situation.
The meeting was attended by industry bodies and other stakeholders who were informed that the incentives offered for hybrid vehicles might differ from those for electric vehicles. “A complete rollback of the registration tax waiver is unlikely; the quantum of waiver for hybrids and EVs may differ,” stated an OEM in attendance at the conference. Later on, this lucidity will become apparent. The state government’s announcement in July that plug-in hybrid vehicle registration fees would be waived—by eight to ten percent—set the stage for uncertainty.
The news also resulted in an up to Rs 4 Lakh drop in these cars’ on-road costs. The state government meeting was attended by senior officials from Tata Motors, Hyundai, Kia, Mahindra & Mahindra, Maruti Suzuki, Toyota, Honda, and Bajaj. The manufacturers of advanced electric vehicles, Mahindra, Hyundai, and Tata, vehemently denounced the ruling made on July 5. They contend that because the electric vehicle market is still in its infancy, the government must give it its full attention and support. In order to demonstrate how distinct incentives and subsidies are offered only for the EV domain, instances from other nations were actually brought before the government.
However. The manufacturers of electric vehicles, Bajaj, Maruti, Toyota, and Honda, are pleased with the earlier order that was granted. They contend that incentives should be given to all green technology sectors, since only then would the state be able to reduce carbon emissions more quickly. The chief secretary informed all of the electric vehicle firms that each country has its own growth stage and context, making it absurd to adopt tax laws from other nations. The g
The government is fully dedicated to growing the green technology industry, but in order for citizens to stop worrying about running out of gas, EV manufacturers also need to look forward to adding more charging stations to the nation. It should be highlighted that, despite a number of programs and incentives, sales of electric vehicles (EVs) have decreased in the nation over the last three months, while sales of hybrid vehicles have increased. In July, 7,541 electric vehicles were sold in India, representing a 2.92 percent year-over-year (Y-o-Y) decline. June sales were down 13.51 percent year over year to 6,894 units. 7,638 cars were sold in May, a 1.24 percent year-over-year reduction, according to the Federation of Automobile Dealers Associations (FADA).
