Union Budget 2024 Highlights | Will EVs Price Come Down..? | Electric Vehicles India

Union Budget 2024 Highlights | Will EVs Price Come Down..? | Electric Vehicles India

Friends finally Indian Finance Minister nirmala sitaraman G has submitted Union budget for the financial year 20242 but let me remind you this is an inm budget and this is applicable only for 3 to 4 months as we have loksabha elections in the upcoming 3 to 4 months

So after completion of these Locs SAA elections and after formation of the new government the actual budget for the financial year 2425 will be introduced but as of now this is only a inim budget so in this video let’s discuss the highlights of this Union budget 2425 so

Before timing into the video this is adya and you’re watching electric vehicles India friends before discussing the highlights of this Union budget 2024 let’s see what are all the eveve industry’s expectations from this budget mainly most of the companies are looking for fame 3 subsidy as Fame 2 subsidy is

Going to end on this March 31st 2024 most of the EV companies are expecting Fame 3 subsidy introduction from the central government the fame 2 subsidy has been introduced in 2019 and it’s going going to end in this 2024 March 31st but in this recent budget there is

No information on the fame 3 subsidy and the next expectations from the EV industry from this budget is the GST reduction on the import parts currently the GST on the import parts of the EVS are 18% so the EV industry is expecting to reduce the GST from 18% to 5% and the

Next thing is reduction of GST on the charging station So currently if you charge your electric car at a charging station you have to pay 18% GST so common people are expecting to reduce this 18% GST to 5% or even remove this but none of these expectations has met

In this budget no information and no new scheme was introduced in this budget regarding to this electric vehicles so now let’s discuss what are all the highlights of this budget 2024 first of all Nala sitaraman G has highlighted about the PM AAS y so till now central government has helped people to build

Three CR houses till now and in the next upcoming Five years they are going to build 2 CR houses so this PM AAS yen is a kind of bank loan from the central government if you take bank loan to build your house you have to apply for

This PM AAS Yogen too so this PM AAS yoga will pay some of your bank loan in terms of subsidy and the next thing Nala sitar G has highlighted is about PM Sur yena I already made a dedicated video on this recently if you miss that video the

Link will be in the description please go ahead and watch so under this PM AAS yena central government is going to set up solar panels on 1 CR houses in India so central government has allocated 10,000 crores for this PM suod yoga so under this 1 CR houses will get solar

Panels on their rooftop so this 1 CR families will get 300 units of free electricity every month so that they can save 15 to 18,000 rupees perom on their electricity bills and the excess generation of electricity can be sold to the local distribution units and central government has allocated some budget to

To agriculture Health Care infrastructure airports tourism technology Etc and the next thing we have to highlight is about raway central government is going to convert 40,000 normal bogis into vand bat bogis as we all know vand Barat trains runs on electricity and they go a bit fast and

They offers a bit luxury too so central government has decided to conduct 40,000 normal bogis into V bat bis and finally coming to EVS government has said that they are going to strengthen and expand the EV ecosystem by supporting EV manufacturing and charging infrastructure no new scheme or no

Separate scheme has been introduced but government has said that they are going to encourage EV manufacturing and EV charging infrastructure in India so let’s see how they are going to support this and at last Nala sitaraman G has said that they are going to improve the public transportation by introduced new

Electric buses already central government has took 3,900 electric buses order from all the state governments and they have supplied close to 3,00 100 electric buses to the particular state governments and I think they are going to take more 3,000 electric buses units order from the state governments so soon

We can expect all the state governments to use electric buses for their public transportation so these are the two main points in this budget 2024 regarding the EV industry we can expect Fame three subsid introduction and reduction of the GST rates in the full-fledged budget which is going to introduced in this

July month after formation of the new government so what’s your thought on this budget please let me know in the comments and if you found the video informative please hit the like button don’t forget to subscribe electric vles India go green go Electric

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