India’s New EV Policy 2025: Bold Incentives to Drive Electric Mobility Revolution

The Indian government has finalized its new Electric Vehicle (EV) Policy, aiming to accelerate EV adoption, boost local manufacturing, and enhance charging infrastructure. The policy introduces tax exemptions, subsidies, and regulatory mandates to position India as a global leader in sustainable mobility.

 

Key Highlights

Reduced Import Tariffs for EVs:

Local Manufacturing Mandates:

Investment Considerations: Investments in building, machinery, research, and charging networks will be considered to a limited extent.

 

Industry Interest: Major automakers like Mercedes-Benz, Volkswagen, Skoda, Hyundai, and Kia have expressed interest in the policy.

 

Charging Infrastructure Expansion:

Government Fleet Electrification:

Environmental Impact: The policy aims to reduce PM 2.5 emissions by 325 tonnes and cut greenhouse gas emissions by 1 million tonnes by 2030.

 

Industry Growth & R&D Support:

India’s EV Policy 2025 sets the stage for rapid electrification, reinforcing the country’s commitment to clean energy and sustainable transportation.

 

Source:  MSN, Free Press Journal, DriveSpark, and Team-BHP.