TimesTech Buzz – April 2021

Publisher: Timestech Print Media       Category: Technology
Language: English                            Frequency: Monthly

Description

TimesTech biggest report on EVs finally reaches our readers. In recent years, Indian policymakers have been actively pushing EV adoption alongside multiple initiatives that have also been introduced to develop domestic capabilities across the entire EV value chain. Besides strengthening the EV manufacturing capabilities, renewable energy targets are also being revisited and various measures are being adopted towards effective recycling of raw materials. The battery price also has been expected to fall by more than 30% between 2018 and 2025, which will make electric vehicles (EVs) more affordable over the period of time. Besides this, the government of India has announced various tax cuts and subsidies to further encourage more and more people to buy EVs.