Posts Tagged ‘Electric Vehicles’
India’s road to achieving its goal as the largest EV market in the world
According to the World Economic Forum white paper on EV-ready India, the opportunities for India’s mobility future are massive. Contributing factors include the continued growth in the country’s population and the move towards urban centres, all of which are driving urban mobility demand. Energy scarcity is another factor resulting from India’s dependence on importing oil. …
Read MoreChallenges to electric vehicles adoption in India
Inc42 lists the following challenges in the adoption of electric vehicles in India: Lack of battery cell manufacturing The complete absence of primary battery cell manufacturing in India means that India is reliant on importing batteries from China, the dominant country in the battery supply chain, manufacturing around three quarters of the battery manufacturing of…
Read MoreGovernment incentivization aims to promote India’s EV industry
The recent announcement by India’s Goods and Services Council (GST) regarding the reduction of tax rates on electric vehicles (EVs), will take effect on 1 August 2019. Reductions will see rates moving from 12 per cent to 5 per cent on EVs and from 18 per cent to 5 per cent on EV chargers, reinforcing…
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