The Union Budget 2025 brings good news for electric vehicle enthusiasts! Finance Minister Nirmala Sitharaman announced the full exemption of Basic Customs Duty (BCD) on key materials like cobalt, lithium-ion battery scrap, and other critical minerals used in EV battery manufacturing. This move is expected to significantly reduce the production costs of electric vehicles, making them more affordable for the Indian consumer.
This video analyzes the impact of this crucial decision on the Indian EV market. We discuss how this move will accelerate the adoption of electric vehicles, boost domestic manufacturing, and contribute to a cleaner and greener future.
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This video analyzes the impact of this crucial decision on the Indian EV market. We discuss how this move will accelerate the adoption of electric vehicles, boost domestic manufacturing, and contribute to a cleaner and greener future.
Also Read
Budget 2025: Customs Duties For Li-Ion Battery Production Components To Be Cut - EVs To Get Cheaper? :: https://www.drivespark.com/four-wheelers/2025/budget-2025-govt-exempts-customs-on-li-ion-battery-manufacturing-parts-064863.html?ref=DMDesc
Ultraviolette F77 SuperStreet Launched at Rs 2.99 Lakh - The Streetfocused One :: https://www.drivespark.com/two-wheelers/2025/ultraviolette-f77-superstreet-launched-at-rs-2-99-lakh-range-specs-features-images-064833.html?ref=DMDesc
Ola S1 Gen 3 Lineup Launched At Rs 79,999 - New Flagship S1 Pro+ Arrives With Astonishing Range :: https://www.drivespark.com/two-wheelers/2025/ola-s1-pro-plus-gen-3-scooters-launched-specs-range-features-images-064831.html?ref=DMDesc
~PR.304~ED.70~##~
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NewsTranscript
00:00Lithium-ion battery. To the list of exempted capital goods, I propose to add 35 additional
00:08capital goods for EV battery manufacturing and 28 additional capital goods for mobile
00:15phone battery manufacturing. This will boost domestic manufacture of lithium-ion batteries
00:21both for mobile phones and for electric vehicles.
00:52I am now happy to announce that there will be no income tax payable up to income of Rs. 12 lakhs.
00:58I am now happy to announce that there will be no income tax payable up to income of Rs. 12 lakhs.
01:21EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:32EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:34EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:36EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:38EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:40EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:42EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:44EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
01:46EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
02:16EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
02:18EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
02:46EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
03:16EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
03:18EVs are about to get cheaper and how this will overall help the sales of EV vehicles in the Indian market.
03:47The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:49The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:51The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:53The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:55The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:57The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
03:59The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
04:01The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
04:31The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.
05:01The Union Budget 2025-2026 has announced a significant tax exemption to promote the production of lithium-ion batteries in the related sectors.