Telangana Announces 100% Tax Exemption for EVs

The Telangana government has initiated a policy for electric vehicles (EVs), which aims to encourage eco-friendly transportation. It seeks to reduce air pollution, particularly in urban areas like Hyderabad. The exemption from road tax and registration fees will continue until December 31, 2026.

Eligibility for Exemption

The exemption applies to various categories of EVs, which include two-wheelers and four-wheelers for both private and commercial use. Three-wheelers such as autorickshaws and goods carriers are also included. Electric buses for public and private use qualify for the exemption. Additionally, electric goods vehicles, including electric tractors, are eligible. Both private and commercial vehicles must be purchased and registered in Telangana to benefit.

Special Incentives for Electric Buses

Electric buses receive unique incentives under this policy. The Telangana State Road Transport Corporation (TSRTC) buses will enjoy a permanent exemption from road tax and registration fees. Private companies that operate buses solely for employee transport will also benefit. This exemption applies until December 31, 2026, without any limit on the number of buses registered.

The initiative is part of a broader EV policy in Telangana. The primary goal is to reduce pollution in urban areas. By lowering the upfront costs of EVs, the government aims to make these vehicles more attractive. This will encourage both personal and business use of electric vehicles.

Important Facts for Exams:

1. TSRTC: The Telangana State Road Transport Corporation operates public transport in Telangana. It plays a vital role in promoting electric buses. TSRTC buses benefit from permanent tax exemptions.
2. EV Policy: Telangana’s EV policy aims to promote electric vehicles. It focuses on reducing air pollution. The initiative includes various incentives for private and commercial EV users.

Month: Current Affairs - November, 2024

Category: Environment Current Affairs