Is the EV market ready to remove the mask of subsidies?
Automakers have to reconsider their strategies, as subsidy reduction could impact their sales forecasts and profitability projections for EV models. The adoption rate of EVs in India may slow down, as cost remains a significant barrier for many potential buyers.
Tags : electric vehicle subsidies EV subsidies Auto PLI Scheme Auto PLI budget Nirmala Sitaraman ev and future mobility FAME policy Niti Ayog MG Motor India Grant Thornton Bharat
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