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Existing EV subsidies to stay, no new incentives

Mint Kolkata

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January 04, 2025

Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.

- Dhirendra Kumar

"EV manufacturing companies are benefiting from lower battery costs, a reduced overall cost of ownership, and the growing availability of charging infrastructure," Goyal said.

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