India plans $4.6 billion in incentives to lure EV battery makers,

India plans $4.6 billion in incentives to lure EV battery makers,


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India plans to offer $4.6 billion (3.6 billion pounds) in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters. A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted. The proContinue reading India plans $4.6 billion in incentives to lure EV battery makers
India plans $4.6 billion in incentives to lure EV battery makers originally appeared on Autoblog on Sun, 27 Sep 2020 10:00:00 EDT. Please see our terms for use of feeds.
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India plans to offer $4.6 billion (3.6 billion pounds) in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters. A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted. The pro

Continue reading India plans $4.6 billion in incentives to lure EV battery makers

India plans $4.6 billion in incentives to lure EV battery makers originally appeared on Autoblog on Sun, 27 Sep 2020 10:00:00 EDT. Please see our terms for use of feeds.

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