New Delhi: The electric vehicle (EV) industry has “unanimously” agreed that they will no longer need subsidies once the current subsidy regime ends. “All segments” of the EV industry informed the Commerce Minister. Piyush Goyal In a meeting on Friday.
The minister also said India looked forward to strengthening economic ties with the US under the Trump presidency – “with whom we have worked before” – amid renewed tensions over trade tariffs, the incoming president said. has described India as a “huge abuser”. of the tariff. And Goyal has a word of caution for quick-commerce companies to comply with the law of the land as Blunkett launches a piloted 10-minute ambulance service in Gurgaon and other drug deliveries.
“Electric mobility in India is all set and ready to take off. Everyone in the room agreed (meeting with the EV industry) that once the current subsidy regime is over, any of them will Even today there is no need for subsidies for further development.Make it easy to set up Charging infrastructure On Petrol Pumps I went further (in Friday’s meeting) to present guidelines for this self-monitoring and self-certification. Whoever is setting up the charging station will monitor himself. Oil companies can keep an eye,” Goyal said.
Last March, India came out with an EV policy of duty concessions for companies setting up manufacturing units here with an investment of at least $500 million to attract global majors. “They don’t need new incentives or subsidies,” the minister added.