India extends concessional tax on EV batteries

Policy & Regulation

Subsidies on EV batteries have also been extended for another year is likely to further surge the adoption of EVs in the country

The Finance Minister of India, Nirmala Sitharaman has announced during her presentation of the Union Budget 2023 that the subsidies on electric vehicle (EV) batteries will be extended for an additional year, making EVs cheaper in India, according to a report published by The Times of India on 1 February 2023.

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