India’s latest EV policy permits unrestricted import of electric vehicles from any country, including China, confirmed by a government official. The policy also entails reduced import taxes for electric vehicles, subject to carmakers investing a minimum of $500 million and initiating domestic manufacturing within three years. This move aims to encourage investment in electric vehicle production while facilitating access to global EV markets.
India’s New EV Policy Allows Unrestricted Imports, Including from China
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