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India Offers $1.4 Billion In Subsidies To Support The Domestic Electric Vehicle Industry

To encourage the growth of the electric vehicle (EV) industry in India, the government has developed a two-pronged strategy aimed at both buyers and manufacturers: $1.4 billion in subsidies are to be offered, followed by a hike on import tariffs within the next year to spur domestic companies to build the vehicles.
More www.forbes.com/sites/meghabahree/2019/03/09/india-offers-1-4-billion-in-subsidies-to-support-the-domestic-electric-vehicle-industry/

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