ELECTRIC VEHICLE NEWS
Electric Vehicles (EV) Buyers Exempted from Registration certificate fees and Renewal charges as part of India’s Mobility Push. India has now taken yet another milestone to encourage citizens to go the electric way. As part of its plan to promote electric vehicles in between the rising fuel costs and increasing pollution, EVs are free from registration fees.
What are Electric Vehicles (EV)?
An EV is defined as any plug-in electric vehicle (PEV), fuel cell electric vehicle, plug-in hybrid electric vehicle, or range-extended PEV.
Buyers of electric vehicles (including battery-powered cars, bicycles, and rickshaws) will no longer have to pay fees for the issuance or renewal of the registration certificate of their vehicle. In a new notification, the Ministry of Road Transport and Highways has announced all battery-operated vehicles are hereon exempt from the payment of fees. It is for the purpose of issue or renewal of registration certificate.
There will be no charges applicable for the task of another enrollment mark for an electric vehicle. It will boost EV sales in the country and make it more affordable to customers. The Ministry of Road Transport and Highways (MoRTH) says this is a stage to energize e-versatility in the country. Electric Vehicles (EV) is valid for 15 years from the date of issuance and after expiry can be renewed for five years.
Present Registration certificate issuance/renewal charges:
At present, it ranges from RS 1,000 to 1,500 for passenger vehicles. Firstly, for bikes, charges are fixed for 300Rs. At the same time, it is Rs 5,000 for an imported traveller vehicle and Rs 2,500 for an imported bike.
In any case, this is another advancement in the nation’s arrangements to advance the reception of electric vehicles. The Center modified the FAME-II plan to increase the appropriation for electric bikes by a generous edge. A few states like Gujarat and Maharashtra have carried out intricate EV approaches to captivate drivers into picking an electric vehicle.