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Reducing the cost of electric vehicles

Electric Vehicles India

Electric vehicles are covered under Production Linked Incentive (PLI) scheme for automobile and auto components, which was approved on 15.09.2021 with a budgetary outlay of Rs. MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs. for a period of five years.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Improving credit conditions throughout the region and sustained, but tenuous, economic growth among the countries in the region have helped to motivate total auto sales levels. from last year.

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In his short address, the President confirmed details that had emerged over the weekend about the next steps for the two auto makers. If they and stakeholders are unable to reach an agreement, we can’t justify additional tax dollars to keep Chrysler in business. Earlier post.). President Obama.

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