Electric mobility

EV import policy can face execution challenges

In a major new policy direction for the Indian automobile sector, the government has announced that import duties on electric vehicles (EVs) will be slashed as long as the EV manufacturer makes certain commitments to the government about producing in India. In particular, for models of electric cars with a combined cost, insurance, and freight price in India of $35,000 or above, the tariffs have been slashed from 100 per cent to 15 per cent. A similar reduction has been made for cheaper vehicles attracting a tariff of 70 per cent. In return, the companies have to promise to set