Electric Cars, SUVs Priced Over 25 Lakh Get Pricier In Bengaluru As Karnataka Govt Ends Tax Breaks
The prices of electric vehicles in Karnataka will go up as the government has now imposed a new tax on the premium EVs sold in the state. The tax rate is of 10%, on vehicle cost and is applicable only on the premium electric vehicles sold. This rule will be applied to a range of vehicles including electric cars, jeeps and buses.
From the past 7 years the Karnataka government has been giving tax exemptions on the EVs. This was done to promote eco friendly sources of travelling and to start the EV culture in India.…