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The Indian government is considering a new electric vehicle (EV) policy that would reduce import taxes for car companies, potentially allowing high-end EV manufacturers like Tesla to enter the Indian market. Under the policy, carmakers committed to local manufacturing would receive a substantial tax cut. Presently, cars priced above $40,000 face a 100% import tax, but the new policy could lower the tax rate to as low as 15%. This move could benefit Tesla and other luxury car manufacturers, but may pose challenges for local mass-market car manufacturers. ....
Anand Kulkarni, Chief Product Officer at Tata Passenger Electric Mobility Ltd, believes that electric vehicle (EV) battery prices will stabilize soon, leading to some EVs being priced similarly to internal combustion engine (ICE) vehicles. Kulkarni explained that battery prices have significantly reduced over the past decade but increased by 30-35% in the last few quarters due to factors like a surge in EV demand and a shortage of raw materials. ....
New research predicts that electric vehicles (EVs) could reach price parity with fossil-fuel vehicles in Europe by 2024 and in the US by 2026. The report by the Rocky Mountain Institute (RMI) suggests that falling battery prices will make EVs as affordable to buy as petrol cars in every market by 2030. Battery costs are expected to halve this decade, making EVs cheaper to run as well. ....
Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. ....
Tesla uses its profits as a weapon in an EV price war bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.