Korean carmaker Kia has said that the government should continue with incentives for the zero-emission vehicles or otherwise risk a slowdown in their adoption, reported TOI. The statement comes amid reports that the GST Council may hike the tax rates on luxury EVs priced upwards of Rs 40 lakh (against the present 5 per cent rate). "Electrification is a structured trend, and it is the right way.
.. in global markets, we saw the demand for EVs move up after the pandemic.
But now it has slowed down," Kia India MD Gwanggu Lee told TOI after launching two new cars - the EV9 electric (for Rs 1.3 crore) and the new Carnival Limousine (Rs 63.9 lakh), both ex-showroom, Delhi.
Lee said that the challenges hampering the growth of EVs in India include an inadequate charging infrastructure . "..
. also, some customers talk about the cost of repairs of EVs, (and are concerned) about the price of the used car, range and safety. No one knows about the valuation of an EV battery after 5 or 10 years.
.. I think it will become difficult,” added Lee.
Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor Vi.
