India May Soon Be Increasing EV Incentives In Grand Scheme

By Jon LeSage India has big plans in the works to incentivize electric vehicles, downplay hybrids, build batteries, and lay out infrastructure, according to a policy report.
The country’s most influential government think-tank is recommending lowering taxes and interest rates for loans on EVs and capping sales of conventional cars. It would also cut out incentives for hybrid vehicles.
Reuters has reviewed a 90-page draft document from Niti Aayog, the planning body headed by Prime Minister Narendra Modi, that could lead to a major shift in government policy affecting one of the world’s fastest growing auto markets. It’s expected to be issued to officials soon.

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