June 22, 2024

  • Daily Motion

Government Providing Loans To Buy e-Cars, e-Rickshaws, e-Autos

Buy e-Cars, e-Rickshaws, e-Autos. 

Have you bought your electric vehicle yet? If No, Buy e-Cars, e-Rickshaws, e-Autos on loan easily.

If you are thinking to buy an electric vehicle on loan then you can get a loan easily as the government is providing an opportunity to get loans easily. The government has decided to take necessary actions to provide loan facilities to the people willing to buy electric cars.

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Loan To Buy e-Cars,e-Rickshaws, e-Autos


The loans are provided on electric cars, e-rickshaws, and e-autos. Prime Minister’s Office (PMO) has instructed the department of financial services to look after the steps taken to provide loans. It has also asked the revenue department to provide tax incentives which include faster depreciation on EVs. These steps will encourage the EV buyers, corporates to opt for an electric rather than buying conventional petrol and diesel vehicles.

The Benefits Of Buying An e-Cars, e-Rickshaws, e-Autos On Loan

The benefits through this initiated by the government will help people to buy an EV with making less down payment, It will convince the companies to buy quality electric vehicles as it gives the relief in the cost of EVs by providing a tax break.

Government aiming to develop e-mobility in the country it has decided to increase the other cleaner fuels for heavy vehicles on highways and personal vehicles in cities. By March the LNG stations on highways will be set up by the petroleum and natural gas ministry to increase the CNG stations network in the cities.

Buy e-Cars,e-Rickshaws, e-Autos

The recent meeting headed by the PM’s principal secretary Nripendra Mishra, the minutes’ states as the department of industrial policy and promotion were asked to give time-bound clearances from Petroleum and Explosives Safety Organisations to install the additional electric vehicle charging stations and CNG dispensing units at existing fuel pumps. CNG stations network is expanding by the petroleum ministry across the cities for the availability of fuel.

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About The Author

Mastered in Journalism and I am a dedicated writer for ElectricVehicles.in since 2018. I am an EV enthusiast. I love to write about electric vehicles, technology, startups, people, fashion, and trends. Through my writings, I love to contribute to my team's efforts to reduce the pollution levels in the world, especially from India.

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