Sunday, July 14, 2024

E-Vehicle Policy: Center approves 'E-Vehicle' policy; Expected investment of 4150 crore | leader

Leader Online Desk: The Government of India has approved the E-Vehicle Policy to promote domestic electric vehicle production. According to a statement issued by the Ministry of Commerce and Industry, a minimum investment of Rs 4150 crore is expected in the country under this policy of the Centre. This news has been given by the news agency 'ANI'. (E-Vehicle Policy)

The Ministry of Commerce and Industry, in a statement, further said that it would take 3 years to set up a manufacturing facility and start commercial production of electric vehicles in India. It will achieve 50% domestic value addition within at least 5 years. Companies setting up manufacturing facilities for e-vehicles will be charged lower customs duty. The Ministry of Commerce and Industry has also clarified that limited import of ECAR will be allowed. (E-Vehicle Policy)

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