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India

Union Budget 2019-2020 and up to 2023

legislation type Executive
Act
Passed in 2019
The budget presented by the government for the period 2019-2020 notably scales upward the incentives to encourage faster adoption of electric vehicles. These incentives include upfront schemes on purchase and charging infrastructure, as well as tax rebates on interest paid on loans through an income tax deduction, GST tax rate reduced to 5% instead of 12%.

The measures focus on battery-operated vehicles targeted by the Phase-II of FAME scheme, approved on March 8, 2019 by an office memorandum. They target two-wheeler, three-wheeler and four-wheeler categories. 

One of the main goal of the 2022 budget is to "promote technology enabled development, energy transition and climate action". It adopts higher support for the production of high-efficiency solar module manufacturing and battery swapping. 

Documents

  • The finance minister welcomes a programme for scaling up LED bulbs across households on a widespread level. This will reduce energy usage in India.
    Energy | Target year: 2029 | Base year: 2019
  • In India, sustainable solid waste management systems are to be expanded to every village throught he Swachh Bharat Mission.
    Waste | Target year: 2029 | Base year: 2019
  • In India's Interim Budget 2019-2020, the Finance Minister flagged ten points from the 'Vision for the Decade', which included having a pollution free India with green Mother Earth and Blue skies, improving water management and having a blue economy.
    Economy-wide | Target year: 2029 | Base year: 2019
from the Grantham Research Institute
from the Grantham Research Institute
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