News Arena

Home

Nation

States

International

Politics

Opinion

Economy

Sports

Entertainment

Trending:

Home
/

ev-tax-breaks-subsidies-push-for-low-carbon-lifestyles-survey

Economy

EV tax breaks, subsidies push for low-carbon lifestyles: Survey

The Pre-Budget Survey 2024-25 suggests tax breaks for electric vehicles and subsidies for renewable energy to encourage low-carbon lifestyles, alongside public education and community engagement to promote sustainability.

News Arena Network - New Delhi - UPDATED: January 31, 2025, 05:11 PM - 2 min read

Pre-Budget Survey 2024-25 calls for tax breaks on EVs, subsidies on renewable energy for low-carbon lifestyles.(Representational picture)


Tax breaks on electric vehicles and subsidies for renewable energy can motivate people to switch to low-carbon lifestyles, the Pre-Budget Survey 2024-25 said on Friday.

 

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 subsidies for renewable energy use, 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 this, high excise duties on fossil fuels and incentives for electric vehicles promote greener alternatives, the survey pointed out. Additionally, educating the public about the environmental impacts of their choices is essential, it opined.

 

Campaigns that highlight the benefits of low-carbon alternatives and provide practical guidance can empower individuals to make sustainable decisions, it added.

 

"By leveraging peer pressure and engaging community involvement through social media and local initiatives, we can inspire sustainable behaviours and help establish a culture where low-carbon lifestyles are the norm," the survey said.

 

Finally, challenging existing habits and creating new norms around sustainability—such as promoting cycling or local food initiatives—can drive significant behavioural change over time, it added.

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2025 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory