Budget 2024: What the government can do to charge up India's EV sector
India's EV segment achieved a historic milestone in 2023, crossing 1.5-million-unit sales with 50% YoY growth. However, EV penetration remains low due to range anxiety, high prices, and inadequate charging infrastructure. Dr Waman Parkhi, Partner and Head of Automotive Sector (Tax), KPMG in India, explains what India needs to boost the electric vehicle sector.
Tags : ev sector union budget budget 2024 interim budget ev tax electric vehicle subsidy hybrid vehicle india ev policy ev subsidy india fame scheme
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