As the world is struggling to conserve the environment, we are all aware that the future of automobiles is EV. These environment-friendly vehicles tend to conserve natural resources and have considerably less carbon footprint.
Elon Musk‘s Tesla is proving to be a gem in the field and the international market has welcomed the Tesla models with an incredible response.
While replying to a Twitter user who asked Musk to launch Tesla in India as soon as possible, Musk expressed his inclination towards launching EV in India but has blamed high import duties for the delay.
We want to do so, but import duties are the highest in the world by far of any large country!
Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.
— Elon Musk (@elonmusk) July 23, 2021
He further stated that since electric vehicles are treated the same way as petrol & diesel vehicles, it does conflict with India’s clean climate agenda.
While Hyundai‘s MD SS Kim has agreed with Musk’s statement to lower import duties on EVs, Bhavish Aggarwal, CEO, Ola, has made a fair argument on why it should not be done.
While replying to a Twitter user on Musk’s statement, Bhavish said that he strongly disagrees with both, Musk & Kim, about the idea of lowering the import duties on EVs and have urged everyone to have confidence in our ability to manufacture our own line of EVs and also encourage global OEMs to open up a unit in India.
Strongly disagree with both. Let’s have confidence in our ability to build indigenously and also attract global OEMs to build in India, not just import. We won’t be the first country to do so! https://t.co/n6k7ShYeJX
— Bhavish Aggarwal (@bhash) July 27, 2021
Bhavish Aggarwal’s Ola has ventured into the EV sector itself and has become India’s homegrown manufacturer of electric scooters.
Paytm’s Vijay Shekhar Sharma has often expressed his love for Tesla cars. However, he has agreed with Bhavish’s statement and has said that he too would want all big EV factories to open up in India.
Even though, I am waiting for a Tesla, I will love that we have everyone’s factories in India!
More Make-in-India, more economic growth in India. https://t.co/fnKUo4w7r3
— Vijay Shekhar Sharma (@vijayshekhar) July 27, 2021
Currently, India imposes a 100 percent import duty on fully imported cars that are valued at more than US$ 40,000. The import duty on fully imported cars that cost less than US$ 40,000 is 60 percent as per reports.