#276 Why Are Cars INSANELY Expensive in India?
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#276 Why Are Cars INSANELY Expensive in India?
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exorbitant cost of cars in India, highlighting how significant taxes, rather than manufacturing expenses, drive up prices, with up to 50% of the cost going to the government. It explains how a 2006 tax policy based on vehicle length led to the unique "compact SUV" segment, yet consumer preference for larger vehicles persists due to poor road conditions, increased safety awareness, and the aspirational value of cars. The video further details the complex breakdown of taxes, including compounded road tax and import duties, explaining that these high taxes serve as a reliable revenue source for the government, despite contributing to congestion and pollution. Finally, it touches upon the future of mobility in India, suggesting that while electric vehicles offer some relief, a broader shift towards public transport and a re-evaluation of the deep-seated cultural significance of car ownership will be necessary.