The budget presented by the government for the period 2019-2020 notably scales upward the incentives to encourage faster adoption of electric vehicles. These incentives include upfront schemes on purchase and charging infrastructure, as well as tax rebates on interest paid on loans through an income tax deduction, GST tax rate reduced to 5% instead of 12%. The measures focus on battery-operated vehicles targeted by the Phase-II of FAME scheme, approved on March 8, 2019 by an office memorandum. They target two-wheeler, three-wheeler and four-wheeler categories.
Union Budget 2019-2020 and up to 2023
Summary
Documents
Document
Topicsā
Beta
About this policy
Year
2019
Most recent update
05/07/2019
Geography
Response areas
Mitigation
Sectors
Economy-wide, Energy, Transport
Topics
, , ā
Ā Topics mentioned most in this policyĀ Ā Beta
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Public finance actor
TargetsĀ Ā 3
In India's Interim Budget 2019-2020, the Finance Minister flagged ten points from the 'Vision for the Decade', which included having a pollution free India with green Mother Earth and Blue skies, improving water management and having a blue economy.
Economy-wide, Target year: 2029The finance minister welcomes a programme for scaling up LED bulbs across households on a widespread level. This will reduce energy usage in India.
Energy, Target year: 2029In India, sustainable solid waste management systems are to be expanded to every village throught he Swachh Bharat Mission.
Waste, Target year: 2029Note
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