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'Simple tax and more push': What the EV industry expects from Finance Minister Nirmala Sitharaman
The Union Budget 2025 is crucial for India's EV sector, with industry leaders urging simplified GST structures and incentives for battery innovation. Key expectations include uniform tax rates, support for advanced battery technologies, expanded charging infrastructure, and policies for retrofitted vehicles. Focus is on fostering domestic manufacturing, recycling critical minerals, and leveraging technology for green mobility.
The Union Budget 2025 is crucial for India's EV sector, with industry leaders urging simplified GST structures and incentives for battery innovation. Key expectations include uniform tax rates, support for advanced battery technologies, expanded charging infrastructure, and policies for retrofitted vehicles. Focus is on fostering domestic manufacturing, recycling critical minerals, and leveraging technology for green mobility.
