Moody's: Government Incentives and Local Manufacturing to Drive EV Adoption in India


  • Published On: 29th Apr, 2023
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Source: https://indianexpress.com/article/business/economy/india-incentives-drive-ev-penetration-charging-infrastructure-key-moodys-8551894/
Moody's(a financial services Company) has stated that government incentives, such as those to consumers, local battery manufacturing, state-level subsidies, and GST rate cuts, would drive electric vehicle (EV) penetration in India. Currently, EV penetration in India is only around 1%, despite it being the fourth-largest car market globally. The rate of EV sales growth and progress towards the gove...
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