Many people were expecting a reduction in taxes on hybrids, which currently stand at 43%, compared to 5% for EVs. Hybrids are outselling EVs in India, and a tax reduction would have been beneficial since hybrids eliminate range anxiety associated with EVs. The Government of India was expected to consider reducing taxes on hybrid vehicles … Continue reading Case Study: The Absence of Tax Reductions on Hybrids in the Latest Budget Announcement!