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Transport dept to offer incentives to those who scrap overage vehicles in Delhi – ET Auto

Baua Electric

Sources said that it has also been proposed that Motor Vehicle Tax concessions shall not exceed 50% of the scrap value. The department has plans for offer discounts on motor vehicle tax ranging from 10 to 20% to customers, who have opted for scrapping their overage vehicle and are purchasing a new one.

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India considers incentives for lithium processing – ET Auto

Baua Electric

Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It did not elaborate.

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Tesla Tax Credit: How Californians Can Save $15,000 with EV Credits and Rebates

EV Life

Buying a new car is one of the most significant purchases you’ll likely make in your life, so you want to make sure you’re getting the best deal available. The EV tax credit outlined in the Inflation Reduction Act of 2022 is non-refundable, meaning it can only be applied to money you already owe in the tax year you purchase your vehicle.

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Cadillac ramps up Lyriq electric vehicle output as battery supply grows – ET Auto

Baua Electric

General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. government tax credit this month as new sourcing guidelines kicked in.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. It won’t solve the problem.

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Ola Cabs brings back Ankush Aggarwal to its ride-hailing biz – ET Auto

Baua Electric

Besides Ankush, whose lending startup Avail Finance was acquired by ANI Technologies in 2022, the CXO team includes executives like chief financial officer Kartik Gupta and chief business officer Sidharth Shakdher. Both Gupta and Shakdher have been with Ola Cabs for less than one and a half years. Revenue grew 58% to INR 2,135 crore.

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Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

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