<p><em><strong>By Gunjan Malhotra,</strong></em></p>.<p>After having lived through struggled with the challenges posed by the pandemic throughout the entire last year, the business industry is expecting a reprieve in this New Year.</p>.<p>We consider ourselves rather fortunate that despite the massive devastation caused by the pandemic, the E-vehicle segment has mostly remained shielded from the fallout of the Covid-19 pandemic.</p>.<p>That said, the industry can still benefit from receiving government support. Besides the economic aspect, the government also has an added incentive to invest in the E-vehicle segment as it can contribute towards the betterment of the environment.</p>.<p>Rising air pollution caused by fossil fuels has been the subject of concern for a while, and the E-vehicle segment can be the solution everyone has been looking for.</p>.<p>By offering tax deductions on the interest on loans for EVs, removing the restrictions to avail input tax credit of GST paid on automobiles, and reducing the GST on lithium-ion batteries from 18% to 5%, the government can give a boost to the sector.</p>.<p><em>(The author is Director, Komaki, Electric Vehicle Division)</em></p>
<p><em><strong>By Gunjan Malhotra,</strong></em></p>.<p>After having lived through struggled with the challenges posed by the pandemic throughout the entire last year, the business industry is expecting a reprieve in this New Year.</p>.<p>We consider ourselves rather fortunate that despite the massive devastation caused by the pandemic, the E-vehicle segment has mostly remained shielded from the fallout of the Covid-19 pandemic.</p>.<p>That said, the industry can still benefit from receiving government support. Besides the economic aspect, the government also has an added incentive to invest in the E-vehicle segment as it can contribute towards the betterment of the environment.</p>.<p>Rising air pollution caused by fossil fuels has been the subject of concern for a while, and the E-vehicle segment can be the solution everyone has been looking for.</p>.<p>By offering tax deductions on the interest on loans for EVs, removing the restrictions to avail input tax credit of GST paid on automobiles, and reducing the GST on lithium-ion batteries from 18% to 5%, the government can give a boost to the sector.</p>.<p><em>(The author is Director, Komaki, Electric Vehicle Division)</em></p>