Shailesh Chandra says government support in form of lower GST, as well as other state taxes, should continue till electric vehicles are able to achieve 18-20% penetration.
With its own EV market in a nascent stage, India could be an attractive investment destination because China's economy is slowing and Europe is looking to curb Chinese imports.
Consumers embrace EVs as their primary mode of transport, overcoming initial concerns and challenges. Factors such as cost of ownership, performance, and home charging drive the demand.
Financing of electric vehicles is becoming easier but financial institutions and investors of electric vehicle companies will be wary of government's ongoing investigations.
In response to question in Parliament, Union minister Nitin Gadkari says CERT-In issues alerts regarding latest cyber threats & countermeasures on a regular basis.
Central govt says 5.9 mn tonnes of lithium reserves have been found in J&K. Lithium's a key component in EV batteries & will ultimately help India achieve net zero emissions by 2070.
The auto industry expects 2023 to see sales grow by up to 7.5% for passenger vehicles over the levels seen in 2022, which itself was a record high for the segment.
While some stakeholders believe battery-swap can be an alternative to conventional charging, others point to higher cost involved and risk of proliferation of low-quality batteries.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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