EV sector needs no more subsidies

Sector is ready, there are options available by which e-mobility can be marketed, says Goyal

- DIPAK MONDAL @ New Delhi

The electric mobility sector doesn't need additional incentives as existing subsidies available to them are good enough to give necessary kickstart to the sector, commerce and industry minister Piyush Goyal said after meeting the stakeholders here on Friday.

The representatives of the sector met the minister for a discussion on the charging and battery swapping infra. "E-mobility sector is ready and set to fly. They don't need additional incentives. In almost all sectors now, there are options available by which e-mobility can be marketed. It's a good economic case to move from ICE engine to EVs and hybrids," the minister told the media.

"Everybody was unanimous in the room across sectors that they don't require subsidies."