TL;DR
The Indian government has introduced new subsidies for private companies to establish more EV charging stations, aiming to boost infrastructure and accelerate EV adoption across the nation.
In a significant move to accelerate the adoption of electric vehicles, the Indian government announced new subsidy schemes today aimed at encouraging private players to set up more EV charging stations across the country. The initiative focuses on incentivizing rapid charging facilities, especially along national highways and in tier-2 cities, where infrastructure remains sparse. This policy comes in response to feedback from EV owners and manufacturers, highlighting the lack of adequate charging points as a major deterrent to broader EV adoption. The new subsidies will cover a percentage of the capital expenditure for equipment and installation, along with potential tax benefits. This strategic push is expected to dramatically increase the number of accessible charging points, providing a much-needed boost to the electric two-wheeler and four-wheeler market. Industry stakeholders have welcomed the announcement, forecasting a faster transition towards sustainable mobility.