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Gujarat Slashes EV Motor Tax, Boosts AI Initiatives

  • Gujarat's finance minister announces a 5% rebate on motor vehicle tax for fully-battery operated EVs, reducing the effective tax rate to 1%.
  • INR 50 Cr allocated for the development of EV charging infrastructure in the state.
  • New AI labs to be established at Ahmedabad's LD Engineering College and six other technical institutions.
  • AI taskforce formed to enhance AI usage across various sectors in Gujarat.
  • State-backed incubators i-Hub and i-Create to expand, fostering the local startup ecosystem.

Source: Inc42

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