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Vehicle scrappage policy to reduce cost of EVs says  Nitin Gadkari 

Electric Vehicles India

Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The Union Road Transport and Highways Minister Nitin Gadkari have once again explained that the National Automobile Scrappage Policy will help to increase the economic growth and boost employment generation in the country. Vehicle scrappage policy.

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charging stations business in India.

Electric Vehicles India

As we all can see how Electric vehicles were growing day by day and there is a lot of opportunity in the automobile industry at moment there are fewer charging stations in India but in the future, it will become a game-changer in Indian business in other. All of these figures show that India is steadily moving toward an EV revolution.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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With the increasing popularity and adoption of electric vehicles (EVs), many prospective buyers are curious about the overall costs associated with owning an EV. One crucial deciding factor in countries like India, is the depreciation, as it directly impacts the resale value and long-term financial implications of owning a vehicle. 

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EV sales in India surge 41% to 1.66 million units in FY2024 | Autocar Professional

Baua Electric

As per retail data published on the government of India’s Vahan website, between April 1, 2023 and March 31, 2024, a total of 16,65,270 EVs were bought in India – that’s 4,562 EVs sold every day in FY2024 compared to 3,242 EVs in FY2023. MEGA MARCH PUMPS UP THE VOLUME March 2024 was a mega month for India EV industry.

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The Rise of the Electric Vehicle Industry in India

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India is the world’s fifth-largest automobile market, with a strong demand for sustainable and eco-friendly transportation options. The electric vehicle (EV) industry in India is gaining momentum as the government and private players focus on developing the necessary infrastructure and increasing consumer awareness.

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Scrappage Policy in India: Will It Boost EV Adoption?

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The scrappage program is claimed to benefit India’s ailing automotive industry. There will be a need for new automobiles when existing vehicles are phased out. Scrapping inoperable automobiles is also good for the environment. The initiative aims to create a mechanism in India for scrapping unsuitable cars.

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Here are the ELECTRIC VEHICLE ACTS in India

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India is on its way to becoming a global leader in technology, space research, manufacturing industry, and India is also the 7th biggest market in the world. Though India has made huge progress in almost every aspect as a nation, it lags behind a particular area and its pollution control especially air pollution.

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