CosmicTaco

Gujarat Slashes EV Motor Tax, Boosts AI Initiatives

CosmicTaco · 2025-02-21T11:04:57.874395+05:30

- Gujarat's finance minister announces a 5% rebate on motor vehicle tax for fully-battery operated EVs, reducing the effective tax rate to 1%. - INR 50 Cr allocated for the development of EV charging infrastructure in the state. - New AI labs to be established at Ahmedabad's LD Engineering College and six other technical institutions. - AI taskforce formed to enhance AI usage across various sectors in Gujarat. - State-backed incubators i-Hub and i-Create to expand, fostering the local startup ecosystem. Source: [Inc42](https://inc42.com/buzz/gujarat-budget-2025-26-motor-tax-on-evs-reduced-to-1/)

Gujarat's finance minister announces a 5% rebate on motor vehicle tax for fully-battery operated EVs, reducing the effective tax rate to 1%.
INR 50 Cr allocated for the development of EV charging infrastructure in the state.
New AI labs to be established at Ahmedabad's LD Engineering College and six other technical institutions.
AI taskforce formed to enhance AI usage across various sectors in Gujarat.
State-backed incubators i-Hub and i-Create to expand, fostering the local startup ecosystem.

Source: Inc42