By Neeta Ramani , 18 April 2025

In a bold fiscal maneuver that could redefine India's electric vehicle landscape, Gujarat has dramatically reduced its registration tax on EVs from 6% to 1%, creating an immediate financial incentive that could save consumers up to Rs. 1 lakh per vehicle. This strategic intervention comes at a critical juncture when the state's once-thriving EV market has experienced a precipitous 50% decline following the expiration of direct subsidies.