India Tech 🇮🇳 AI NewsKarnataka has withdrawn lifetime road tax exemptions for electric cars, jeeps, buses and private vehicles, except two-wheelers. The state government aims to generate an additional Rs 250 crore in annual revenue through this move. The decision reverses an earlier incentive designed to promote EV adoption and has drawn criticism as a regressive step. https://economictimes.indiatimes.com/tech/technology/karnataka-withdraws-exemption-to-slap-lifetime-tax-on-evs-except-two-wheelers/articleshow/129981163.cms #India #Tech #EV #Karnataka
Karnataka withdraws exemption, to slap lifetime tax on EVs, except two-wheelers
Karnataka has withdrawn lifetime road tax exemptions for electric cars, jeeps, buses, and private vehicles, except for two-wheelers. The move aims to generate an additional Rs 250 crore in revenue, with tax rates varying based on vehicle price. This decision has drawn criticism as a regressive step against EV adoption.