The European Union has imposed additional tariffs of 17-38% on imported Chinese EVs, which will lead to import duty of up to almost 50%. This could have significant impacts on India.
Making a jump from internal combustion engines to electric vehicles is the kind of romantic prospect that would appeal to India, which jumped from a shortage of landline phones to an abundance of smartphones.
While industry watchers say the policy is a step in the right direction, some Indian vehicle manufacturers had previously opposed reduction in customs duty for luxury EVs.
Mercedes-Benz had said it would move toward becoming an 'electric-only' company by 2030 but has now put it off. The UK govt has withdrawn subsidies for EVs. And in India, the FAME-II subsidy is expected to lapse soon.
Company plans to bring 3 new electric two-wheelers in the next 1 year — one scooter each in mid-price and economy segments, and one electric two-wheeler in B2B last-mile delivery segment.
If cleaning the air by reducing overall fuel consumption is the goal, the govt ought to look at hybrid vehicles. It's not 'yesterday's technology' anymore.
In Request for Information issued Monday, government has specified that it will invite responses for e-bikes only from Indian Original Equipment Manufacturers.
What's happening in the fossil fuel industry is an example of the 'green paradox'—extract resources as quickly as possible when faced with the threat of future decreased market value.
I don’t believe that the US-India relationship has deteriorated beyond repair. There are ways of handling Trump, even if the Pakistanis have outplayed us this year.
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