Budget expectations 2024: Making EVs cheaper to focus on safety, industry players share their views
The automotive industry is one of the fastest-growing sectors in India, and the nascent electric vehicle segment being the most lucrative. Industry stakeholders are hoping that the Finance Minister Nirmala Sitharaman has some new sops not only for EV segment but also skilling and safety.
Akash Gupta, Co-Founder & CEO, Zypp Electric: “Prioritising the electric vehicle (EV) sector is crucial for a sustainable future. First, inclusion in the priority lending scheme will fuel growth by facilitating easier access to capital. To accelerate the adoption of EV-led delivery services, a reduction in GST for EV services from 18% to 5% is imperative.
