The federal government has finally approved the
EV Policy for 4-Wheelers. The policy was approved during a meeting of the Economic Coordination Committee (ECC). It is pertinent to mention that the government has already approved the EV policy for 2-3 Wheelers and commercial vehicles.
During the meeting, the government said that this policy took time to be finalized due to inherent complexities. Furthermore, the long
consultative process with existing original equipment manufacturers (OEMs) was also the reason behind the delay.
In the latest policy, the government has offered
multiple incentives and relaxation on CBU, CKD, import of spare parts, toll tax and registration fee. In this article, we will highlight the