The Cabinet of Karnataka State Government, on 25th June, decided to completely waive stamp duty and registration charges for the manufacture and sale of electric vehicles.
Industries Minister Jagadish Shettar said the government sought to promote sale and manufacture of electric vehicles through this move. This decision is in line with the Karnataka Electric Vehicles and Energy Storage Policy, 2017, Shettar said.
“Recently, Union Minister Nitin Gadkari had stated that over the next four years, the country would see a rise in electric vehicle use and production. Karnataka has scope for the same. We are trying to harness this opportunity,” the minister said.
The electric vehicles and energy storage policy was implemented in the state in 2017 during the term of the Siddaramaiah government. The policy provides for various concessions for the sector, including a tax waiver under Karnataka Motor Vehicle Taxation.
The government’s decision to provide a waiver on registration charges would further boost production, Shettar said.