India EV Policy Flip Flop Confounds Investors

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India’s electric vehicle (EV) policies are a swinging pendulum, confounding investors, start ups and consumers. In the latest policy shift, Prime Minister Narendra Modi’s government slashed the EV subsidy offered to customers by more than half — 10 months ahead of the expiry of its flagship 100 billion rupee ($1.2 billion) Fame-2 EV adoption scheme.

Electric Vehicles, Low-Carbon Policy
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