Economy · India
Government signals end to EV subsidies, industry urged to prepare
The Indian government has indicated that subsidies for electric vehicles (EVs) will be phased out in the coming years. Kamran Rizvi, Secretary of the Department of Heavy Industries, stated that the auto industry must prepare to operate independently of these incentives. This suggests a shift towards market-driven growth for the EV sector.
How outlets across the spectrum covered it
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- Centre (2): Business Today, The Hindu BusinessLine