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Get such a big discount on buying an electric vehicle, the price will come down

Considering the rising pollution levels, electric vehicles are the only option. But when it comes to buying electric vehicles, they are much more expensive than a normal internal combustion engine vehicle running on petrol or diesel. But it is more than just a one-time purchase, but the cost of running it is very less. The government of the country provides various types of financial subsidies to make electric vehicles more affordable to purchase. Here we are telling you how financial subsidy is available on electric vehicles.

Benefits of buying an electric vehicle

If any person buys an electric vehicle, then he will get such type of Benefit Can be found:
Purchase Subsidy: A discount is given directly on the cost of the electric vehicle.
Coupons: Financial subsidy that comes later.
Interest Subvention: Rebate on interest rate while taking loan
Road Tax Exemption: Road tax is waived at the time of purchase.
Waiver of Registration Charge: The registration charge is waived on the purchase of a new vehicle.
Income Tax Benefit: Tax amount is also exempted.

For availing loan against purchase of electric vehicle, income tax exemption can be availed on payment of interest up to Rs 1.5 lakh. This benefit is available through section 80EEB of Income Tax.

Discount on Two-Wheeler: Battery Capacity 2 kWh
15 thousand per kWh on a two-wheeler, which is maximum 40 percent of the cost of the vehicle.

Discount on three-wheeler: Battery capacity 5 kWh
There is a discount of 10 thousand rupees per kWh on three-wheeler.

Discount on 4-Wheeler: Battery Capacity 15 kWh
There is a discount of 10 thousand rupees per kWh on 4-wheeler.

Discount on e-bus: Battery capacity 250 kWh
The government discount on e-bus is 20 thousand rupees per kWh.

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