In addition, aligning GST rates across the electric vehicle value chain and reducing duties on key components such as batteries can lower costs of production and make such vehicles more accessible to the common man.
India’s National Green Hydrogen Mission seeks to make India ‘the global hub for production, usage and export of green hydrogen’.
As a step towards enabling this and keeping in mind the need for India and Indian companies to be internationally competitive in this space, the government must institute a clear ‘climate taxonomy’ with definitions as to what would constitute ‘sustainable investment’.
The story "Green transition: Expectations and recommendations for Budget 2025" has 829 words across 28 sentences, which will take approximately 4 - 7 minutes for the average person to read.
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