Budget 2021 | Govt can give boost to EV sector by giving tax incentives, says Komaki EV Division Director

After having lived through struggled with the challenges posed by the pandemic throughout the entire last year, the business industry is expecting a reprieve in this New Year.

We consider ourselves rather fortunate that despite the massive devastation caused by the pandemic, the E-vehicle segment has mostly remained shielded from the fallout of the Covid-19 pandemic.

That said, the industry can still benefit from receiving government support. Besides the economic aspect, the government also has an added incentive to invest in the E-vehicle segment as it can contribute towards the betterment of the environment.

Rising air pollution caused by fossil fuels has been the subject of concern for a while, and the E-vehicle segment can be the solution everyone has been looking for.