EV firms agree to end subsidy after existing subsidy regime ends: Goyal

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EV firms agree to end subsidy after existing subsidy regime ends: Goyal - Business Standard

Quick Summary:

Commerce and Industry Minister Piyush Goyal on Friday said the electric vehicle (EV) companies present in the meeting have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends.

Stakeholders from the EV sector held deliberations with the minister here on issues pertaining to development of battery charging and swapping infrastructure.

Whether they prefer to collaborate and share resources for battery swapping or sell vehicles with their own batteries, the decision is entirely up to them, he said.