With ambitious goals like achieving 30% EV penetration by 2030, the challenges of affordability, infrastructure gaps, and dependency on imports remain significant. Industry leaders are urging the gove
The article from Firstpost discusses the expectations and demands from India's electric vehicle (EV) sector ahead of the Union Budget 2025. Key points include the industry's call for a level playing field through policy support, incentives, and infrastructure development. Manufacturers and stakeholders are advocating for reduced GST rates on EV components, extension of the FAME II scheme, and increased investment in charging infrastructure to boost EV adoption. There is also a push for local manufacturing incentives to reduce dependency on imports, thereby fostering domestic production and job creation. The sector seeks government intervention to address high initial costs, range anxiety, and the need for a robust supply chain for batteries and other critical components. Overall, the EV industry is looking for comprehensive support to accelerate the transition to electric mobility in India.
Automotive & Transportation
Tue, January 28, 2025
