EV businesses welcome UP govt’s step to ease road tax for hybrid vehicles

To encourage the use of environmentally friendly vehicles in the state, the Uttar Pradesh government announced on Tuesday that registration taxes on strong hybrid automobiles will be completely waived. This move was welcomed by electric vehicle (EV) companies.

Plug-in hybrid electric cars and strong hybrid electric vehicles are eligible for a 100% registration fee waiver from the state.

The action is expected to help manufacturers of hybrid vehicles, including Maruti, Toyota, and Honda.

Co-Founder and CTO of Statiq Raghav Arora told IANS that it's an important move in the direction of encouraging environmentally efficient vehicles. He said, "As an EV charging firm, we support this effort since it increases accessibility to environmentally friendly automobiles."

According to Arora, "People will be encouraged to switch to electric vehicles by this proactive government effort, which is in line with India's larger goals of reducing carbon emissions and advancing the adoption of green technology."

The current EV policy has been amended, thus the registration fee easing is only going to last until October 2025.

Ankit Sharma, Co-Founder & Director of Vidyuta Materials, states that his company supports this attempt to increase the cost of sustainable transportation because it is a business that specialises in creating Cathode Active Materials (CAM) for lithium-ion batteries in electric vehicles.

In addition, Sharma stated, "These steps encourage a wider uptake of electric vehicles, supporting India's efforts to reduce carbon emissions and embrace environmentally sustainable technologies."