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EV Policy: Govt To Cap Investment Towards Charging Networks

Summary by Inc42 Media

The Centre’s soon-to-be notified electric vehicle (EV) policy reportedly plans to mandate foreign automakers to set aside only 5% of their total investment into the country towards creation of charging infrastructure. As per draft rules seen by Reuters, the provision has been envisaged to ensure EV makers spend more on car manufacturing, rather than charging infrastructure. As such, if foreign automakers spend more than the 5% threshold, the add…

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Inc42 Media

EV Policy: Govt To Cap Investment Towards Charging Networks

India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows

NEW DELHI -- India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for su.... View detail at: India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows)

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