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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. ....
India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed. The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors. ....
Chandigarh EV Policy: Non-Electric Two-Wheeler Registrations To End In July, Four-Wheelers To Follow In December swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
"The efforts undertaken by the government through various implementing agencies have resulted in rapid growth in deployment of public EV charging infrastructure," the Union Power Ministry said in a statement. ....