Budget 2025 Shakes Up the EV Market – What It Means for You?

Written by:  Tabish Sultan

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EV Spotlight

Luxury electric cars now have a lower import duty of 70% instead of 125%. This could make premium EVs more affordable, attracting more global brands and boosting the Indian EV market.

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Lower Taxes on EVs

Over 35 battery-making items now have no import tax. This move will help India produce more EV batteries locally, cut costs for manufacturers, and reduce dependence on costly imports.

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More Local Battery Making

Essential materials like lithium, cobalt, and zinc now have zero import tax. This will help manufacturers lower battery production costs, making EVs more affordable for Indian consumers.

Cheaper Battery Materials

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Machines used to make EV batteries will now have lower import duties. This will reduce battery prices, helping automakers produce cheaper EVs and boosting mass EV adoption.

Lower Cost for Batteries

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Luxury EVs and used premium electric cars now have lower import taxes. This could bring down prices for buyers, making high-end electric cars more accessible to more people.

High-End EVs Get a Cut

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The tax on used motorcycles has been reduced from 100% to 70%. This can make second-hand bikes, including electric two-wheelers, more affordable for budget-conscious buyers.

Used Bikes Will Cost Less

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Bicycle import tax is now 20%, with an extra 15% charge. This change could make electric bicycles more affordable, helping urban commuters switch to greener transport options.

E-Bikes to Be Cheaper

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Luxury boats and yachts now have a lower tax of 20% instead of 25%. This could help grow India’s high-end boating and tourism industry, attracting more buyers and investors.

Lower Tax on Boats

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The government is investing in more EV charging stations across India. This will improve charging accessibility, encouraging more people to switch to electric vehicles.

More EV Charging Stations

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With lower taxes, cheaper batteries, and more charging stations, EVs may become more popular in India. These changes could make electric transport the future of mobility.

Big Boost for EVs

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