A Glimpse into Budget 2024: What Will Be the Future of EV in India?
As India’s EV industry accelerates towards a cleaner and sustainable future, the anticipation surrounding Budget 2024 is palpable. Industry stakeholders eagerly await announcements that could steer the trajectory of the future of EV in India. In this blog, we dissect key developments, expectations, and the strategic roadmap for India’s burgeoning EV landscape. 2024 EV Trends — Future of EV in India Current Dynamics and Growth Budget 2024 Expectations — FAME and GST Industry Voices and Vision for the Future Infrastructure Development Industry Expectations and Transformative Changes Government Incentives and Policies Driving EV Adoption Expected Developments & Increased Support Conclusion FAQs Current Dynamics and Growth The rapidly growing electric vehicle industry in India reached a pivotal moment in 2023, selling a remarkable 1.5 million units, marking a robust 46% YoY growth. This surge not only signifies a burgeoning market but also lays the groundwork for discussions on t...