The central government has been continuously emphasizing on promoting electric vehicles for the last few years. Through schemes like PM E-DRIVE, PLI Scheme and import duty exemption, the government has clearly indicated that the future belongs to electric mobility. Currently, on purchasing EV, customers get subsidy ranging from thousands to lakhs of rupees and GST is also only 5 percent. In such a situation, new reliefs are expected for the EV sector from the Budget 2026 to be presented on 1 February 2026, which can make it easier for the common people to buy electric vehicles.

Range anxiety will end due to increase in charging stations

• The biggest challenge to EV adoption in India is the lack of charging stations. Charging facilities are limited in many cities, especially on highways and remote areas, due to which people have range anxiety. In Budget 2026, the government can make big investments on EV charging infrastructure. If charging stations increase rapidly, people will be able to travel long distances on EVs without any fear.

Relief may be available on battery manufacturing and GST

• Companies like Tata, Mahindra, Ola, Ather and Maruti Suzuki are working on local EV and battery manufacturing in the country, but setting up a battery plant is an expensive deal. It is expected that in Budget 2026, the government can give new incentives for domestic battery manufacturing and recycling. Besides, the demand to reduce the 18 percent GST on EV spare parts and raw materials is also gaining momentum. If GST reduces, EV prices may become cheaper.
• Overall, Budget 2026 can prove to be a game changer for the EV sector. Subsidies, charging stations, local manufacturing and relief in GST can make electric vehicles more affordable and reliable for the common people.

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