{"id":122376,"date":"2021-07-30T18:23:13","date_gmt":"2021-07-30T12:53:13","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=122376"},"modified":"2021-07-30T18:23:13","modified_gmt":"2021-07-30T12:53:13","slug":"integrated-approach-for-evs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/integrated-approach-for-evs\/","title":{"rendered":"Integrated approach for EVs"},"content":{"rendered":"

Source<\/b>: Business Standard<\/a>\u00a0<\/span><\/p>\n

Relevance<\/strong>: Electric Vehicles are the future of the automotive industry. A better policy for their promotion is required.<\/span><\/p>\n

Synopsis<\/b>:<\/span><\/h5>\n

A reduction in Customs duty wouldn\u2019t solely boost the Electric Vehicles (EV) sector, the government needs to adopt an integrated approach towards it.<\/span><\/p>\n

Background<\/b>:<\/span><\/h5>\n

Indian cities are among the most polluted in the world, and it makes sense for the government to push EVs as it would help curb vehicular pollution. The government of India has rolled out several initiatives over the past few years to increase the adoption of electric vehicles (EVs). <\/span><\/p>\n

Considering this, foreign players are inclined to invest in the EVs sector but are restrained by the higher customs duties on the import of EVs.\u00a0<\/span>India imposes 60 percent duty on imported cars worth up to $40,000, and 100 percent on more expensive vehicles.<\/span><\/p>\n

Government initiatives for EVs<\/b>:<\/span><\/h5>\n