Why the future of electric vehicles appears bright in India
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Although the EV industry expected the budget to be as groundbreaking as promised, it didn’t quite deliver on all fronts. This has given rise to mixed sentiments in the industry.
The government announced an increase in customs duty on certain auto parts that could hurt the e-mobility segment.
On the other hand, in the hope to get people to purchase more environmentally friendly vehicles, the government has this year proposed the launch of voluntary vehicle scrappage. It aims at phasing out any commercial vehicle that’s older than 15-20 years…Read More…
