2024 Tax Credits For Hybrid Vehicles In India. — the finance ministry is considering a proposal to reduce the gst on hybrid vehicles to 5% and remove the additional 15% cess currently applied to the 28% gst. — while electric vehicles attract only a 5% gst, hybrid cars can face a tax rate of 43%.
Here’s the full list of eligible evs from fueleconomy.gov, where you can also check if a certain car qualifies from its. — nitin gadkari proposes reduction of hybrid vehicle tax to 12% in india.
