Sudden Reduction of Subsidy of Electric Two-Wheelers May Lead to Major Decline in EV Adoption in India
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time. Startup players in the electric mobility space, however, welcomed the government’s decision saying it was time for the EV industry to stand on its own.
Photo courtesy of atul kumar singh.
Source: The Economic Times (link opens in a new window)
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