Siemens, the global electronics and electrical engineering firm, has revealed it is engaged in preliminary talks to set up e-charging stations in Mumbai and other parts of the country in a bid to drive electric mobility.
The 2012 Union Budget offers little or no benefits to the EV industry. According to Chetan Maini, chief of technology & strategy, Mahindra Reva, “the increase in various duties/cess will increase the cost of EVs by 1-1.5 percent. The increase in basic excise duty for cars, from 5 to 6 percent, will result in a 1 percent increase in EV prices. Excise on parts (input) has increased from 10 to 12 percent. Lithium batteries are still exempt from customs duty, but the increase in Countervailing Duty (CVD) from 5 to 6 percent will increase the cost of batteries.”
Do you think this move will make e-vehicles more practical ?