Infrastructure

Indian Infrastructures and Capabilities

EV Makers To Get Incentives Only If They Make At Least 50 Percent Components In India

As discussed in a meeting of the Department of Heavy Industry on Wednesday, the makers will have to manufacture minimum of 50 percent of components of EVs within the country in order to avail these incentives. The 50 percent bar stands alike for electric four-wheelers electric three-wheelers, two-wheelers as well as e-rickshaws. While in the case of electric buses, the bar drops down to 40 percent.