All articles tagged with #india ev policy
India's new EV policy aims to attract global automakers by offering duty reductions for local manufacturing investments, but it is unlikely to attract Tesla or BYD due to their preferences and restrictions, leading some analysts to believe the policy may not succeed in boosting EV manufacturing significantly.
Tesla is not interested in manufacturing cars in India and plans to focus on importing vehicles despite the country's new EV policy that offers reduced import duties and incentives for local production. Major automakers like Mercedes-Benz, Volkswagen, and Hyundai are exploring the policy, but Tesla's CEO Elon Musk has put India investment plans on hold, citing high tariffs. The Indian government aims to boost EV adoption to 30% of total car sales by 2030.