Electric vehicle makers no longer need to be subsidised by govt: Gadkari

Indian Transport Minister Nitin Gadkari has announced that electric vehicle (EV) manufacturers will no longer require government subsidies to thrive. The government’s previous subsidies aimed to promote EV adoption by reducing costs for consumers and manufacturers. Gadkari’s statement indicates that the EV sector has reached a level of maturity where it can sustain itself without additional financial support. This development suggests that the industry is becoming more self-reliant and competitive, potentially leading to further advancements and growth in the EV market. The move could also reflect a shift in government policy towards other areas of support.