Reported about 17 hours ago
India's new EV policy aims to attract foreign automakers like Tesla by offering reduced import tariffs, but it limits their investment in charging infrastructure to just 5% of total EV investments, even if they spend more on developing charging networks. This move, outlined in a government document, prioritizes car manufacturing over charging station development as the country prepares for Tesla's entry. The policy requires automakers to meet specific revenue targets to qualify for tariff reductions, potentially challenging the development of critical charging infrastructure in India's emerging EV market.
Source: YAHOO