Home Economy Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?
Economy - January 15, 2025

Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?

Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?

The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of EVs, which has seen an increase on a year-on-year basis. Governments worldwide are incentivizing this shift through various tax benefits and deductions.

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