E-mobility ALERT! Modi government issues draft notification proposing RC renewal fee exemption for Battery Operated Vehicles; Check details

In a bid to incentivise e-mobility, the Narendra Modi Government has taken this step to further amend Central Motor Vehicles Rules, 1989. The Ministry of Road Transport and Highways (MoRTH) has issued a draft notification dated 27 May 2021, further to amend the Central Motor Vehicles Rules, 1989 proposing to exempt Battery Operated Vehicles (BOV) from payment of fees for the purpose of issue or renewal of Registration Certificate (RC) and assignment of new registration mark.

See Zee Business Live TV Streaming Below:

This has been informed by the government via a media release issued on Tuesday.  

“This has been notified to encourage e- mobility. Comments from general public and all stakeholders have been sought within a period of thirty days from the date of issuance of this draft notification,” the media release further said. 

India plans to leverage the EV programme to reduce its oil import bill. India is the third-largest oil consumer in the world. Over the last few months, the prices of crude oil have shot up despite the ongoing coronavirus pandemic situation.