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India Launches New National Electric Vehicle Policy to Boost EV Adoption
Summary
The Indian government announced a new National Electric Vehicle Policy today aimed at accelerating EV adoption across the country. The policy includes incentives such as a 20% subs
The Indian government announced a new National Electric Vehicle Policy today aimed at accelerating EV adoption across the country. The policy includes incentives such as a 20% subsidy on EV purchases and tax breaks for manufacturers investing in battery production. It also sets a target for 30% of all vehicles sold by 2030 to be electric. The scheme will focus on expanding charging infrastructure in urban and rural areas. According to the Ministry of Heavy Industries and Reuters, this policy is expected to reduce India’s carbon emissions by 15% over the next decade and create over 500,000 new jobs in the EV sector.
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