Subsequent to a proposal from Tesla, which is mulling an entry into India's automotive market, the country's commerce ministry is working on a new electric vehicle policy that might slash import taxes for automakers who commit to some local manufacturing, reports Reuters. The policy being considered may allow automakers to...
Tesla Seeks Import Duty Waiver Till it Can Make in India
Founder and CEO Elon Musk tweeted that Tesla is pushing for import tax waivers to launch its vehicle in India. In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built — Elon Musk (@elonmusk) June 14, 2017 Musk has shown support...
India Aspires to Sell Only Electric Cars by 2030
A Government of India-led initiative – the National Electric Mobility Mission Plan – targets annual sales of 6-7 million EV/Hybrid vehicles by 2020. The government hopes that by 2030, all vehicles sold in India will be electric-powered says a blog post from India Energy. Speaking on "Changing Energy Economics and...
Solar Power Becoming Increasingly Important in India
India's government plans to draw 40% of the country's energy from renewables by 2030, and it is because of the government's commitment that India is about to become the biggest market for solar energy, said San Jose, CA-based SunPower CEO Tom Werner. Prime Minister Modi wants to spend $3.1 billion...