Switzerland: India hasn’t made up its mind on cutting import taxes on electric vehicles (EVs) under a new policy proposed for carmakers that commit to local manufacturing and that could ease Tesla’s entry into the market, a top government official said.
India’s domestic automakers are concerned about the possibility of Tesla entering the market and government plans to give incentives to Tesla and other global carmakers. India has been working on a proposed policy to slash a 100 per cent EV import tax to as low as 15 per cent for automakers that commit to investing and manufacturing in India eventually.
