Electric Vehicle Sales & Use Tax Exemption: Fill & Download for Free

Narendra Modi visited Tesla’s factory in California, in 2015 and invited Elon Musk to set up a factory in India. A year later Nitin Gadkari met Musk and offered free land near ports.But Tesla has reached an agreement with China to set up an electric car factory in Shanghai sometime in 2017, even as India continued to frame its EV (Electric Vehicles) policy. Now 1000 Tesla cars in a week are rolling out of the factory in Shanghai.China made a great offer, a lucrative incentive to spur Elon Musk’s Tesla Inc. to decide on building its first automobile factory outside of the US in Shanghai. The offer was that Tesla could build a wholly owned factory in Shanghai`s free-trade zone.The incentive is a special exemption from Chinese manufacturing laws that require foreign automakers to set up joint ventures with local partners and thus splitting profits and sharing some technology, though they also avoid import tariffs.For Tesla it was just the start of what will be a growing investment in China. It intends to continue increasing investment in China, making the Model 3 and the Model Y, and future models also in China. Tesla also has plans to establish a China design and engineering center to actually design an original car in China for worldwide consumption.India, widely seen as a potential rival to China’s economic dominance, lost out to China. Why? India, a late starter in electric-vehicles, was still formulating policies which would help it achieve its objective of having an all-electric fleet of vehicles on the roads by 2030.China is regarded by foreign companies as a far more attractive market owing to the sheer scale of its industries and a niche affluent population. Moreover, China’s electric-vehicle market is already the world’s largest and is expected to continue growing. China has already made it mandatory that all automakers should produce a specific percentage of electric vehicles from 2019.The electric vehicles before the entry of Tesla have a captive 5 per cent of China’s car sales and now Tesla will have to expand its sales beyond that 5 per cent in addition to capturing monopoly in that 5 per cent. To be sure, there is an affluent segment of China’s massive population that can afford Tesla cars.Electric car sales in China increased at a compound annual growth rate of 179.4 per cent between 2013 and 2016 to 329,000 units, equivalent to 1.4 per cent of total sales of fossil-fuel run cars, according to Bank of America Merrill Lynch.It, therefore, offers a much better opportunity for Tesla, when it looks to expand its global footprint.(Did Tesla think of the other side? China is interested in foreign companies whose technology it wants to steal. Apple and other companies have learned it the hard way. More thought it appears is spent on earning profit and establishing a good lead in the market, as a pioneer).Many have pointed about the irrelevance of the above statement, as Tesla has given open source to their patents. I stand corrected. Thank you friends.In 2014 itself Musk said that “there was a wall of Tesla patents in the lobby of our Palo Alto headquarters. That is no longer the case. They have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.”

What do you think of the electric vehicle policy of Arvind Kejriwal lead Delhi government? Will it make a difference?Initially in 2016, the Narendra Modi lead government of India set a dream target of making India a 100% e-vehicle nation by 2030.[1][1][1][1]However, as always the dream didn't turn into reality because the government had no clear policy. In 2017, the Modi government shrank the target to 40% of all new vehicle sales in the country to be all-electric vehicles by 2030 and 100% by 2047.[2][2][2][2] But, achieving even 40% of all new vehicle sales to be e-vehicle by 2030 became unrealistic and the target was further brought down to 30% in 2018.[3][3][3][3]So, it is important that the state governments have their own electric vehicle policy, because by depending on the central government's policies alone, we will never be able to achieve the dream of becoming an 100% e-vehicle nation unless the state governments equally contributes to it, by the time only a few states have announced their EV policy.[4][4][4][4]The electric vehicle adoption becomes extremely important for a state like Delhi with more than 1 Crore vehicle population, and which are increasing rapidly and so is pollution. Currently about 30% of the air pollution during winter season in Delhi is caused by these vehicles.[5][5][5][5]Image Source: Charging points every 3 km with 100% subsidy to popularize EVs: Delhi’s new electric vehicle policyThis policy ‘Delhi Electric Vehicle Policy' is a holistic approach to boost e-vehicle adoption in Delhi. It focuses mainly on the two wheeler segment along with public transportation vehicles, private passenger vehicles and goods carrier vehicles. And most importantly, it also focuses on the creation of both public and private charging infrastructure, which is absent from the central government's EV policies.The Delhi government through this policy aims,25% of new vehicle registration to be EV by 2023.50% of the public transportation to be zero emission EV by 2023.Availability of charging points every 3 km by 2023.Reducing or control the raising pollution level through EV adoption.To achieve its goal, the Delhi government will be providing,Subsidy of up-to Rs 23,000 for buying EV two wheelers along with the additional incentive of up-to Rs 15,000 on scraping old two wheelers.Subsidy on purchase and discount on registration fees for e-rickshaws, e-cab, e-bus and e-goods carrier.Up-to 100% subsidy for installing charging points at residential and non-residential building along with a special electricity tariff charge.Will it make a difference?Of-course, it will. If the Delhi government gets success in achieving the desired targets of this policy, the population of non electric vehicles should start decreasing in the capital city after 2023, so should the pollution.However, it will require more than this policy to achieve the dream of making India into 100% e-vehicle nation and reduce pollution to a desired level, especially from the central government and other state governments.PS: I asked this question, but it didn't receive any answer. So, I am answering it myself. Please answer the question, I would like to read a different opinion.Thanks for reading.Footnotes[1] India aims to become 100% e-vehicle nation by 2030: Piyush Goyal[1] India aims to become 100% e-vehicle nation by 2030: Piyush Goyal[1] India aims to become 100% e-vehicle nation by 2030: Piyush Goyal[1] India aims to become 100% e-vehicle nation by 2030: Piyush Goyal[2] No green light for India’s electric dreams[2] No green light for India’s electric dreams[2] No green light for India’s electric dreams[2] No green light for India’s electric dreams[3] Government finally wakes up: Sets a realistic goal of 30% electric vehicles by 2030 from existing 100% target[3] Government finally wakes up: Sets a realistic goal of 30% electric vehicles by 2030 from existing 100% target[3] Government finally wakes up: Sets a realistic goal of 30% electric vehicles by 2030 from existing 100% target[3] Government finally wakes up: Sets a realistic goal of 30% electric vehicles by 2030 from existing 100% target[4] No green light for India’s electric dreams[4] No green light for India’s electric dreams[4] No green light for India’s electric dreams[4] No green light for India’s electric dreams[5] Vehicle numbers cross one crore mark in Delhi - Times of India ►[5] Vehicle numbers cross one crore mark in Delhi - Times of India ►[5] Vehicle numbers cross one crore mark in Delhi - Times of India ►[5] Vehicle numbers cross one crore mark in Delhi - Times of India ►

We can discuss it to our heart’s content, EV’s will compose 90% of the world’s vehicle fleet by 2040.Why?Because EV’s are cheaper to operate. Charging a battery pack is cheaper than buying fuel.Maintaining an electric motor and battery pack is cheaper than maintaining an internal combustion engine.Thus, the adoption curve has started for EV’s.Up until now, batteries cost too much and took too long to charge. Not any more.No person in their right mind will run a vehicle that costs $2800 a year to operate if the equivalent vehicle sitting next to it on the dealership lot cost $800 a year. The party is over and you and I have nothing to do with it.Average range for EV’s will be 350 miles per charge and a “quick” 80 mile charge will be available by 2023.If you think this process will take more than 20 years? Don’t move to Europe. By 2035, sales of ICE’s will be banned while driving them within city limits is already restricted. So, I live outside of London and need to buy a new car in 2023? Just why in hell would I buy an ICE car if it’s going to be against the law to drive it in 12 years?That is one of my favorite modes of locomotion. A GM NorthStar V8. It uses oil, unleaded gasoline, belts, filters, gaskets, exhaust manifolds, pipes and catalytic converters and coolant. It needs oil changes, tune ups, transmission fluid. all of these needs are provided by a guy who needs to be paid on top of the materials cost.There is the future. The electric motor is 1880’s tech and will run constantly for about 20 years. The battery pack is warrantied by federal law for 8 years and its price is dropping at about 10% a year.Good bye NorthStar, I loved your torque and the unequaled V8 rumble, but, you cost too much to run and the federal government has decided that you are a social nuisance.