 "The Rs 100-billion wager")
As India embarks on a Rs 100 billion ($1.4 billion), three-year programme to support electric vehicles (EV) and charging infrastructure, it may be able to reap a late mover advantage by looking at what is happening in the world’s largest electric vehicle market — China.
There are four things that stand out in China’s strategy for electric vehicles:
Rewarding efficiency: The subsidy was always higher for higher-range electric vehicles running over 250 km on a single charge. Support has been substantially slashed for lower range models. For cars with a range of 100-150 km, there is nil subsidy support now.
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