Extended tax holiday for CNG, electric vehicles in Kolkata


CNG is cleaner compared to petrol and diesel, reducing carbon monoxide emissions by approximately 80% and hydrocarbons by 44%.
The state transport department has announced an extension of tax holiday for two-wheeler and four-wheeler electric vehicles (EVs) and all categories of CNG vehicles until March 31, 2025. The announcement, made by transport secretary Saumitra Mohan, includes a one-time exemption from registration fees, tax, and additional tax.

The notification emphasized that this tax exemption aims to significantly encourage the use of clean-fuel vehicles. The extended exemption is effective from April 1, 2024. The announcement was delayed due to the election model code of conduct.

The earlier exemption period, from April 1, 2022, to March 31, 2024, offered complete exemption from registration fees and financial incentives to boost the use of cleaner fuel in automobiles, which contribute to over 30% of the city's ambient air pollution. The new notification states that vehicles registered from April 1, 2022, until the issuance of this notification, can get an extension of tax validity for the days covered within the exemption period. However, adjustment or refund of registration fees already paid is not allowed.

CNG is cleaner compared to petrol and diesel, reducing carbon monoxide emissions by approximately 80% and hydrocarbons by 44%. Electric vehicles, on the other hand, emit no pollutant and generate no noise.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 5 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 5 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 5 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 5 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 5 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 5 hours ago