{"id":21431,"date":"2018-12-10T11:03:48","date_gmt":"2018-12-10T05:33:48","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=21431"},"modified":"2018-12-10T11:03:48","modified_gmt":"2018-12-10T05:33:48","slug":"feebate-to-promote-electric-vehicles-in-india","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2018\/12\/10\/feebate-to-promote-electric-vehicles-in-india\/","title":{"rendered":"&quot;Feebate&quot; to promote Electric Vehicles in India"},"content":{"rendered":"<h2 style=\"text-align: justify;\">Feebate &#8211; Electric Cars India<\/h2>\n<p style=\"text-align: justify;\"><strong>Feebate (Fee and rebate)<\/strong> is a\u00a0model where\u00a0charges and rebates\u00a0are levied to promote environment-friendly practices. Recently Niti Aayog, the government think tank floated the idea of adopting the feebate structure to encourage <strong><a href=\"http:\/\/www.greenworldinvestor.com\/2017\/03\/12\/list-of-best-electric-cars-running-in-india\/\" target=\"_blank\" rel=\"noopener\">electric vehicles in India<\/a><\/strong>. As per this system, charges will be levied on polluting vehicles and a reward will be offered to the lesser polluting ones.<\/p>\n<p style=\"text-align: justify;\">As per them, a feebate system will promote large-scale manufacturing and sales of <strong>EVs in India<\/strong>. This policy is already in place in countries like\u00a0Austria, Denmark, Netherlands, France, Canada and Singapore.\u00a0NITI Aayog is planning to collect funds through Feebate and use\u00a0it as a subsidy for\u00a0the EVs. Niti Aayog is still seeking a response from all ministries, in this regard.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2017\/04\/Elecctric-Bus.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-20050\" src=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2017\/04\/Elecctric-Bus-300x155.jpg\" alt=\"Elecctric Bus\" width=\"300\" height=\"155\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Also, read\u00a010 <em><a href=\"http:\/\/www.greenworldinvestor.com\/2017\/03\/13\/the-10-biggest-and-best-electric-vehicles-advantages\/\" target=\"_blank\" rel=\"noopener\">Biggest And Best Electric Vehicles Advantages<\/a><\/em><\/p>\n<p style=\"text-align: justify;\"><em>Internal combustion engine vehicles\u00a0are subject to 28% GST<\/em> (goes up to 33% with surcharge), while <strong><em>EVs attract only 12%.<\/em><\/strong> Others are skeptical about the future of EVs in India with no firm infrastructure or long-term policies\u00a0still in place to support the same. All the European countries mentioned in the report by Niti Aayog already had an established electric vehicle ecosystem. Another concern pointed out in the adoption of Feebate system (to promote EVs in India) is the fact that most of the components used to make an electric vehicle would be imported from China. Hence, a feebate system would support Make in China rather than promoting Make in India.<\/p>\n<p style=\"text-align: justify;\">With the BSVI to be implemented by April 2020,\u00a0prices of diesel cars are expected to increase. Will a carbon-based tax be more effective in India? A Feebate system sounds like more of an imposition on the Indian customers. <em>Let me know what you think by leaving your comments below.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feebate &#8211; Electric Cars India Feebate (Fee and rebate) is a\u00a0model where\u00a0charges and rebates\u00a0are levied to promote environment-friendly practices. Recently Niti Aayog, the government think tank<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":20050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[85,30],"tags":[106,1679,1850,1921,1922,2390,2393],"class_list":["post-21431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ev","category-india-green-stocks-greeninvest","tag-feebate-to-promote-electric-vehicles-in-india","tag-electric-vehicles-in-india","tag-evs-in-india","tag-feebate","tag-feebate-india-electric-cars","tag-gst-on-cars","tag-gst-on-electric-cars"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=21431"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/21431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=21431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=21431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=21431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}