The Indian government is considering tax cut from 60% to 40% for imported EVs. According to a report from Reuters, the authorities are considering these revised tax rates for EVs valued at less than $40,000 — inclusive of cost, insurance, and freight. The report noted that for EVs costing more than $40,000, the revised tax rate would be 60% — down from 100%. In July, Elon Musk said he wants to bring Tesla to India, but import taxes are too high. And currently, the company doesn’t have any facility in the country to produce its vehicles. The company also made…
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