Wednesday, May 24, 2023

Will the latest government move kill India's nascent EV boom?

The government is slashing these subsidies and the makers of electric two-wheelers see it as a regressive step which will drag India's EV revolution, which is led by two-wheelers. The share of electric vehicles in total vehicle sales in India is currently around 5%. The government target for EV sales by 2030 is 30% of private cars, 70% for commercial vehicles and 80% for two- and three-wheelers.

from Auto-Industry-Economic Times https://ift.tt/m7BTDgC

No comments:

Post a Comment

Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...