Electric vehicle (EV) posted healthy growth in 2021 across segments, both twowheelers and cars. Though the number are still very small compared to the combustion engine vehicle industry, but the breakneck developments in the sector promise rapid growth going ahead. The industry feels a helping hand from the government can hasten adoption and growth. Nehal Chaliawala reports.
Budget recommendations
EVs loans should be included in priority lending sector to make borrowing for purchasing EVs easier
Extend subsidies under the FAME scheme beyond its now extended deadline of March 2024
Reduce the minimum investment and revenue criteria for the production-linked incentives (PLI) scheme to make startups eligible
Incentives for public charging infrastructure; mandate charging infrastructure for upcoming housing and commercial projects
Reduce GST on components used for EVs from the present 18-28% to prevent the inverted structure. EVs are taxed at 5%
Export concessions for EVs to make India a manufacturing hub for EVs
Ghaziabad: Fire breaks out in residential building after electric vehicle catches fire while charging2026-05-27T04:12:20Z
