What About Electric Cars?
The government has been very thoughtful in this department. For the first five years, there are zero concessions for electric, hybrid, or hydrogen-powered UK cars. This seems to protect domestic EV makers like Tata Motors, Mahindra, and Maruti Suzuki. From Year 6 onwards, however, some luxury UK EVs priced above GBP 40,000 will be allowed in at reduced duty rates, starting at 40–50%, with tight quota limits. It is important to note that no UK car priced below GBP 40,000 (approx. Rs 47 lakh) gets any duty concession at all in the EV segment. This shields the affordable Indian EV market completely.