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India drops excise duty on electric bikes

India, the seventh largest but second most populous country in the world, has good reason to encourage electric vehicle sales, considering that its automobile market is growing very rapidly. Pollution could become a much larger problem than it already is if steps are not taken to manage it now. India's government realizes this fact, which led it to recently waive the excise duty for electric cars. Up until now, though, the tax has stood at 8 percent for electric bikes. Not anymore, as both two- and three-wheeled electric bikes are now ... Read more →

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