EV Industry Confident in Growth Without Subsidies Post-Regime - Piyush Goyal

Economy

1 year ago

News sources:

Credited from: INDIATIMES

Piyush Goyal, India's Commerce Minister, stated that the electric vehicle (EV) industry is ready to thrive without subsidies once the existing subsidy regime ends.
During a recent meeting, industry representatives collectively expressed that they do not require subsidies for future growth.
Goyal emphasized the need for improved charging infrastructure at petrol stations and proposed self-monitoring guidelines for charging station setups.
The minister mentioned India's ongoing efforts to strengthen economic ties with the US amid trade tariff concerns.
Last March, a new EV policy was introduced, offering duty concessions to manufacturers investing over $500 million in India.

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