EV sector powers up pre-budget expectations: Industry seeks funds, subsidies for charging infra

Quick Summary:

Industry experts are awaiting a uniform 5% tax across electric vehicles, components, and charging infrastructure to reduce costs of vehicles.

Amidst the burgeoning demand for EVs, the industry is calling for schemes and subsidies aimed at charging infrastructure to support the growth in the sector.

Direct subsidies for EV heavy vehicles could help reduce the upfront costs for operators, encouraging more widespread adoption.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Co-founder Demand Charging Costs Sector Government Electric Subsidies Adoption Vehicles Infrastructure

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 02:25:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 814 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25333185

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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