EV subsidies to end in coming years, auto companies must prepare: Heavy Industries Secy

As stated by officials, government subsidies for electric vehicles will phase out in the coming years. It is imperative for automobile companies to work together to enhance charging infrastructure, paving the way for comprehensive electrification. Manufacturers are strongly urged to escalate their research and development investments. Backed by government initiatives, India has emerged as a frontrunner in electric mobility, and the sector must brace for upcoming challenges and opportunities.