Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens

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Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens - Business Standard

Quick Summary:

Modi's government imposes a federal tax of just 5 per cent on EVs, while hybrids are taxed at 43 per cent - just below the 48 per cent tax for gasoline cars.

Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs.

Hybrid proponents, however, say there is not enough charging infrastructure for EVs in India and hybrids - which use both a battery and combustion engine - should be promoted as they are less polluting than fossil fuel-only cars.