{"id":8721,"date":"2022-09-29T20:44:47","date_gmt":"2022-09-28T20:43:44","guid":{"rendered":"https:\/\/ev-carsinfo.com\/?p=8721"},"modified":"2022-09-29T20:44:47","modified_gmt":"2022-09-29T15:14:47","slug":"electric-vehicle-policy","status":"publish","type":"post","link":"https:\/\/ev-carsinfo.com\/news\/electric-vehicle-policy\/","title":{"rendered":"Electric Vehicle Policy in India to Boost The EV Market"},"content":{"rendered":"

This post was originally published on September 29, 2022.<\/p>\n

Electric Vehicle Policy in India<\/strong> The idea of \u200b\u200belectric vehicles (electric cars) seems to have finally spread to India. As the number of electric vehicles on Indian roads began to increase, the government and industry sent Electric vehicle policy in India.<\/p>\n

Electric Vehicle Policy<\/h2>\n

The number of electric vehicles on the road is also steadily increasing. Between 2019 and 2020, there were 155,400 electric vehicles on the road, an increase of about 20% compared to the same period last year.<\/p>\n

India\u2019s hybrid and electric vehicles (FAME) provide subsidies for the production and charging infrastructure of electric vehicles, which is a welcome increase. The second phase of the plan will cost 10 billion rupees by the end of this year to increase the demand for electric vehicles.<\/p>\n

The budget announcement of the tax subsidy for electric vehicle loans is once again aimed at promoting new forms of cars. In general, given the country\u2019s high fuel prices, people have renewed interest in owning electric vehicles in public places, which makes most of the Turn\u2019s products more and more expensive.<\/p>\n

Lead to overall inflation in the country. A recent study found that 66% of respondents are willing to use electricity, and 53% of them are keen to buy electric cars. So to keep up the pace of electric vehicles the government is up with an Electric vehicle policy in India, which is already in practice.<\/p>\n