Some good, some bad news for EVs in Budget 2024 | Autocar Professional
Baua Electric
JULY 23, 2024
On the one hand, it has set the stage for a reduction in EV battery prices by lowering custom duties on key minerals used in battery manufacturing, while on the other, it has been silent on restoring or increasing e-two-wheeler subsidies. Union Budget 2024 is likely to evoke mixed feelings among EV buyers and manufacturers.
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