Section 80EEB: 4 tax benefit of buying an electric vehicles

Section 80EEB of the Income Tax Act, 1961, enables eligible individuals to avail a tax deduction of up to ₹1.5 lakh on the interest paid for a loan taken exclusively for purchasing an electric vehicle.

Why are motor insurance premiums for electric vehicles generally higher? An explainer

Motor insurance premiums for electric vehicles are higher than those for fuel-based vehicles due to various factors. The IRDAI has set a 15% discount for third-party liability insurance for electric vehicles to encourage their adoption.

M&M to invest ₹10,000 crore on manufacturing, development of electric vehicles in next 7-8 years

<ul><li>The investment of ₹10,000 crore for electric vehicles has been approved under the Maharashtra government's industrial promotion scheme for electric vehicles.</li></ul>

Electric vehicles vs fuel-based cars: How does it impact your motor insurance?

A comprehensive cover for an electric car usually costs a little more because of higher repair costs and higher risk factor. Know more 

Electric two wheelers' growth increases at a lightening speed

The capacity of ola electric is likely to rise to 10 million this calendar year from the current limit of 2 million

Auto output falls 6% in FY22 to 5-year low

The automobile sector has been grappling with challenges after the coronavirus pandemic hit the world. Most auto companies have been struggling to raise their volume. 

<ul><li>The automobile sector has been grappling with challenges after the coronavirus pandemic hit the world. Most auto companies have been struggling to raise their volume.&nbsp;</li></ul>

Electric vehicles a ₹3 lakh crore opportunity for India, says CRISIL

CRISIL pointed out that the EV adoption continues to surge, meanwhile, as more people shift from internal combustion engine (ICE) vehicles.

<ul><li>CRISIL pointed out that the EV adoption continues to surge, meanwhile, as more people shift from internal combustion engine (ICE) vehicles.</li></ul>

A complete financial guide for buying a car in 2022

The automobile industry is predicted to rise this fiscal year, and electric vehicles may benefit as a result of the budget 2022-23's focus on sustainable development. If you're intending to buy a car in 2022, go through the article.

Top Electric Vehicles News

personal finance

Section 80EEB: 4 tax benefit of buying an electric vehicles

personal finance

Why are motor insurance premiums for electric vehicles generally higher? An explainer

markets

M&M to invest ₹10,000 crore on manufacturing, development of electric vehicles in next 7-8 years

personal finance

Electric vehicles vs fuel-based cars: How does it impact your motor insurance?