2019: A Year of Positive Momentum for India’s EV Sector
Tax exemptions, policy support, and a clear roadmap marked 2019’s most significant developments
December 11, 2019
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The electric vehicle sector in India saw a lot of positive moves in 2019, with the launch of FAME India – II, introduction of tax exemptions for buyers, subsidies for manufactures, Goods and Services Tax (GST) cuts, and duty imposition on imports to push domestic production. However, the industry is still in its nascent state because of technological and infrastructure constraints, along with a lack of awareness.