New Delhi
Volkswagen India
has expressed its support for a tax cut on electric vehicle (EV) imports, same
as Tesla. The companies feel that reduced tariffs would help the EV
industry.
Gurpratap
Boparai, Managing Director, Skoda Auto Volkswagen India Pvt Ltd, said that a
duty cut on EVs to 25% from the current levels wouldn’t pose threats. It would
help drive investment and speed up the creation of an ecosystem.
He added that
high tax rates affect India’s potential to become a global manufacturing
destination. Reducing import tariffs on EVs and components will help boost the
local production of EVs.
Volkswagen is
exploring ways to introduce EVs across its brands in India. Boparai added that
India needs fast-charging infrastructure and incentives to transition to EVs.
Earlier, Tesla urged the Indian government to reduce
the high taxes on EV imports. Elon Musk, CEO, Tesla, tweeted that Tesla will
“quite likely” build a factory in India if it first begins selling imported
vehicles.
Source – ET Auto
Image Source: Photo by Cesar Salazar on Unsplash
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