Union Budget 2025 delivers a shot in the arm for the electric vehicle sector

Q: How long will it take to read this news story?

The story "Union Budget 2025 delivers a shot in the arm for the electric vehicle sector" has 621 words across 30 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Union Budget 2025 delivers a shot in the arm for the electric vehicle sector" was covered 14 hours ago by YourStory, a news publisher based in India.

Q: How trustworthy is 'YourStory' news outlet?

YourStory is a fully independent (privately-owned) news outlet established in 2008 that covers mostly startups, economy, and business news. The outlet is headquartered in India and publishes an average of 28 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25691259</li><li>URL: https://beamstart.com/news/union-budget-2025-delivers-a-17384009019643</li></ul>

YourStory Logo YourStory 14h ago

Union Budget 2025 delivers a shot in the arm for the electric vehicle sector - YourStory

Quick Summary:

The government has exempted 35 additional capital goods from customs duty for EV battery manufacturing, which can potentially reduce the cost of EVs.

These materials are essential for the production of lithium batteries, which are the backbone of the electric vehicle and clean energy industries.

More EV adoption will also be supported by stronger energy infrastructure, particularly for EV charging stations, which will be fuelled by power sector reforms and state incentives,” said Pratik Kamdar, CEO and Co-founder of Neuron Energy, a Li-ion battery manufacturer.