Posted inIndia, Northeast Asia, South Asia, South Korea

New car tax aimed at promoting electric vehicles slammed

After lackluster festival-season sales, Indian carmakers are in for another rough ride. In a push to promote electric vehicles, the government is planning to impose a tax on new cars powered by gasoline or diesel. Using the “polluter pays” principle, the government wants to impose a tax of 12,000 rupees (US$170) on those buying gasoline […]

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