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Government Revives Efforts to Promote EV Policy

  • The Indian government is planning a workshop for companies interested in importing premium electric cars at concessional tariffs, aiming to revive the lukewarm response to the scheme launched last year.
  • The feedback from the workshop will be considered in finalising the rules of the scheme, marking the second round of consultations with the industry.
  • Despite the incentives, only a few companies have shown willingness to invest under the scheme, which requires a minimum investment of $500 million over five years.

Source: Economic Times

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