Interim Budget 2024: Electric CV industry applauds focus on sustainable mobility
The electric commercial vehicle manufacturers and bus operators see Finance Minister Nirmala Sitharaman’s Interim Budget 2024 to continue India’s vision towards green mobility in the right direction.
Abhinav Kalia, CEO and Co-Founder, ARC Electric: “I am delighted with the government’s commitment to bolster the e-vehicle sector in the FY2024-25, emphasising greater manufacturing and charging infrastructure, sets a visionary course for sustainable mobility. Last year’s pivotal reduction from 21% to 13% on lithium batteries was a game-changer, effectively balancing the costs of EVs and propelling the market growth. We applaud this foresighted move, as it not only facilitated the affordability of electric vehicles but also strengthened the industry.
