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Current EV Subsidies Aren’t Enough, India’s EV Future Hinges On Infra: AdvantEdge’s Khattar

Inc42Inc42 · 3m
Current EV Subsidies Aren’t Enough, India’s EV Future Hinges On Infra: AdvantEdge’s Khattar

Over the past year, the EV sector in India has faced challenges with subsidies, impacting the adoption of electric two-wheelers. However, industry leaders believe that 100% EV adoption is inevitable due to rising costs of internal combustion engine vehicles and the deflationary nature of EVs. The lack of solid energy solutions and financing options remain obstacles, particularly for heavy-duty commercial EVs. India aims to encourage cell manufacturing and attract global OEMs through incentives such as PLI, while also exploring the impact of AI on electrification. Resolving subsidy issues and supporting the EV industry will be crucial for India to lead the global EV revolution.

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