Pre Budget Quote on behalf of Mr. Veer Singh, CEO, Lord’s Automative Pvt. Ltd. – Published By APN News

“The transition to green mobility is likely to be further expedited for India by the 2025 budget, setting a target to achieve 30 percent penetration of electric vehicles in the total automobile sales by 2030. Such penetration  would certainly be possible in the country as India is more price-sensitive compared to other places.

More efforts need to be made in building a robust battery infrastructure, such as charging stations and battery recycling facilities, to boost consumer confidence. The budget should also include state-level incentives such as remission of registration fees for two-wheelers and three-wheelers in addition to subsidies to make EVs more widely available.