India Cuts Import Tax on EVs: Will This Make E-Cars More Affordable in India?

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India just hit the brakes on high import taxes for electric vehicles!

This aims to attract foreign EV giants like Tesla.

But there's a twist: companies must invest heavily and build factories in India within 3 years to get the low tax rate.

This creates a win-win: affordable EVs for India and a boost to their manufacturing sector.

Will it spark an electric car revolution? Only time will tell!
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This should have been done 5 years ago. Till today we could have had a much better and reliable network of fast chargers with help of foreign companies.
Also because there is no indian competition at that segment as well because they'll 40+ lakhs even after this and indian EVs are competing at 14 to 20 lakh segment

gaurav