India revises EV policy to attract new global players, accelerate investments
Notably, the new EV policy is also aligned with India's climate goals of reducing emissions intensity by 45% by 2030 and achieving net-zero emissions by 2070
The Union Government of India has approved a new electric vehicle policy aimed at attracting global EV makers to invest in India (the world’s third-largest automobile market), build local manufacturing facilities and increase localization of critical components, according to a press note issued by the Indian Ministry of Commerce and Industry on March 15.
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