Govt to expand EV manufacturing incentives after Tesla disappointment

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The story "Govt to expand EV manufacturing incentives after Tesla disappointment" was covered 9 hours ago by Business Standard, a news publisher based in India.

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Govt to expand EV manufacturing incentives after Tesla disappointment - Business Standard

Quick Summary:

It is hoped that changes to the policy will encourage EV investment from the likes of Toyota and Hyundai, the source said.

The government will now also consider EV investments at existing factories that currently build gasoline-engine and hybrid cars, said the source who was not authorised to speak to media and declined to be identified.

India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.