India Approves $1.4 Billion Subsidies For Electric Vehicles
The incentive is linked to battery capacity
India has approved a 100 billion rupees ($1.4 billion) electric and hybrid vehicle subsidy plan for a three year period tojump-startt the sales, which so far were marginal.
Various types of EVs can qualify for the incentive, with a price cap of 1.5 million Indian rupees ($21,600), provided they are equipped with modern lithium-ion batteries. The amount of subsidy depends....