Subsidies to regulations: Lessons India's EV market can learn from China

Chinese government had introduced subsidies to promote EV sales way back in 2010

Since the announcement of the National Electric Mobility Mission Plan (NEMMP) 2020 by the government, the one country that is alluded to with unfailing regularity in policy corridors, company’ boardrooms and various other forums and deliberations is China and for obvious reasons. The country is the world’s second largest manufacturer of electric vehicles (EVs) after Norway. It sold 1.26 million units in 2018, accounting for half of global EV sales.

As India — which has the dubious distinction of being among the world’s worst polluters — seeks to find solution to the menace, EVs are on the forefront of a