Tesla reportedly gets India to consider slashing taxes on EV imports

The Indian government is considering tax cut from 60% to 40% for imported EVs. According to a report from Reuters, the authorities are considering these revised tax rates for EVs valued at less than $40,000 — inclusive of cost, insurance, and freight. The report noted that for EVs costing more than $40,000, the revised tax rate would be 60% — down from 100%. In July, Elon Musk said he wants to bring Tesla to India, but import taxes are too high. And currently, the company doesn&rsqu