2024 Tax Credits For Electric Vehicles In India. When paying off an ev loan, a total tax exemption of up to rs 1,50,000 is available under section 80eeb. As finance minister nirmala sitharaman gears up to present the union budget 2024 today, india's electric vehicle (ev) industry is on high alert for pivotal policy decisions.

Find out eligibility, conditions, and benefits. Reduced gst (goods and services tax):