Survey calls for tax breaks on EVs, subsidies on renewable energy for low-carbon lifestyles
The Hindu
Pre-budget survey 2024-25 highlights tax breaks on electric vehicles and renewable energy subsidies to promote low-carbon lifestyles.
Tax breaks on electric vehicles and subsidies on renewable energy can motivate people to switch to low-carbon lifestyles, the pre-budget survey 2024-25 said on Friday (January 31, 2025).
There are several effective mechanisms to promote low-carbon lifestyles and advance sustainable development with the Emissions Gap Report 2020 from the United Nations Environment Programme (UNEP) outlining key strategies for fostering meaningful lifestyle changes, the survey stated.
"Financial incentives, such as tax breaks for electric vehicles and renewable energy use subsidies, can motivate individuals and organisations to adopt greener practices," it added.
The Indian government has introduced various measures to promote environmental sustainability and influence economic behaviour, the survey stated.
Initiatives like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM KUSUM) and PM Surya Ghar: Muft Bijli Yojana encourage solar power adoption, it said.
Besides, high excise duties on fossil fuels and incentives for electric vehicles have been pushed for greener alternatives, the survey pointed out.
Additionally, educating the public about the environmental impacts of their choices is essential, it opined.
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