Budget 2024: The Indian electric vehicle industry seeks government support through initiatives such as the extension and enhancement of the FAME scheme, GST parity for EV batteries, and financial incentives including tax credits, subsidies, and low-interest loans. Industry players emphasize the importance of these measures in promoting a sustainable and eco-friendly future, incentivizing consumers, boosting industry growth, and stimulating innovation and job creation.
The Indian electric vehicle industry seeks government support through initiatives such as the extension and enhancement of the FAME scheme, GST parity for EV batteries, and financial incentives including tax credits, subsidies, and low-interest loans. Industry players emphasize the importance of these measures in promoting a sustainable and eco-friendly future, incentivizing consumers, boosting industry growth, and stimulating innovation and job creation.
In the survey, 51.7 per cent of the respondents said that in order to expedite EV adoption in India the government must improve charging infrastructure. The Indian buyer s hesitation has primarily to do with inadequate charging infrastructure in the country.
Inadequate Charging Infrastructure For EVs: In the survey, 51.7% of the respondents said that in order to expedite EV adoption in India the government must improve charging infrastructure. The Indian buyer s hesitation has primarily to do with inadequate charging infrastructure in the country.
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