IESA Urges Tax Cuts and Incentives for Battery and EV Infrastructure

The India Energy Storage Association (IESA) has called on the government to reduce GST on batteries and EV charging infrastructure. It also suggested expanding PLI schemes and supporting research and development. IESA highlighted a need for affordable financing and regulatory clarity to boost clean energy projects.

The India Energy Storage Association (IESA) has urged the government to reduce the Goods and Services Tax (GST) on batteries and electric vehicle (EV) charging infrastructure, as well as battery swapping services.

In the run-up to the India Energy Storage Week 2024 in New Delhi from July 1-5, the IESA submitted a wishlist to the government, advocating for an expansion of production-linked incentive (PLI) schemes to include battery components and battery raw materials processing industries.

IESA President Rahul Walawalkar stated that the current GST rate of 18 percent for lithium-ion batteries and 28 percent for other batteries should be unified at 18 percent. Charging infrastructure services and battery swapping services should see their GST rates reduced to 5 or 18 percent from the existing 28 percent.

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