Policy reforms to drive future of EVs in India

Although the current rate of EV adoption (~5% of the annual vehicular sales) is commendable, the nation has a long road ahead to meet the pledged target of 30% EV sales by 2030. Learning from global policies, including exemptions, incentives, mandates (fleet electrification), and regulations (zero-emission zones), could help accelerate EV adoption in India. While these policies cannot be applied directly to the Indian scenario owing to its diverse and unique market dynamics, there is an opportunity for policy innovation and transformation.

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