No fresh subsidy required for EV ecosystem: Goyal
Business Standard|January 04, 2025
Commerce and Industry Minister Piyush Goyal on Friday said there was no need for fresh subsidies or incentives for the electric vehicle (EV) ecosystem.
UDISHA SRIVASTAV
No fresh subsidy required for EV ecosystem: Goyal

"India's electric mobility segment is ready and set to fly. There is no need for new incentives as the existing ones are sufficient to kick-start the ecosystem," Goyal said during a press event here after meeting with stakeholders from the EV sector.

Goyal cited reduced battery costs, the availability of battery-swapping systems, and the economic advantages of owning an EV to highlight how electric mobility makes a good case for transitioning from internal combustion vehicles to EVs.

His comment followed Union Road Transport and Highways Minister Nitin Gadkari's statement last year that the demand for subsidies was no longer justified, as production costs had reduced and consumers were opting for EVs or compressed natural gas vehicles on their own.

هذه القصة مأخوذة من طبعة January 04, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 04, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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