Need stable GST regime for EVs: Merc

The government should commit to a 5% GST rate on EVs till 2030, said Mercedes-Benz India's Santosh Iyer

- Alisha Sachdev

A commitment from central and state governments to keep taxes on electric vehicles (EVs) low for a long timeframe will be necessary to ensure their continued adoption, a top official at Mercedes-Benz India, the country’s largest luxury carmaker, said.

Santosh Iyer, the company’s managing director and chief executive officer, said the government should commit to a 5% GST (goods and services tax) rate on EVs till 2030, before it decides to gradually increase taxes on these vehicles, to encourage long-term planning and flexibility for carmakers.