January 24, 2018 1:39 PM

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Power Minister R K Singh supports tax incentives for electric vehicles

Power Minister R K Singh today made a pitch for tax incentives for electric vehicles and said the ministry will soon come out with regulations for promoting e-mobility in the country. <br/><br/>The minister also said that the electricity amendment bill which seeks renewable of distribution licences for discoms among other proposals is likely to be moved in the upcoming budget session.<br/>'<br/>Addressing an e-mobility conference in New Delhi today, the minister said that tax incentives are needed to promote electric vehicles. He said, the ministry will also do away with cross-subsidy in the proposed power tariff policy to promote e-mobility. <br/><br/>Cross-subsidy is provided to fund cheaper power to residential, farmer and poor consumers. Industrial users currently pay cross-subsidy. The Niti Aayog in its draft policy has suggested removal of cross-subsidy.<br/>

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