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Toyota lobbies India to cut hybrid-car taxes as much as 21%

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EVs in India are taxed at 5%, while hybrids are hit with a 43% levy, just shy of the 48% rate on petrol cars.

Toyota argues the 5% edge for hybrids over petrol cars is ‘insufficient’, given their lower emissions and improved fuel efficiency.

India taxes EVs at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. That amounts to a tax rate of 37% on hybrids and 34% on flex-hybrids, cuts of as much as 14% and 21%, respectively, according to Reuters calculations. Indian giants Tata Motors and Mahindra & Mahindra are backing EVs, while Toyota and Honda Motor want support for hybrids.

 

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