India plans to prioritize electric vehicles over hybrids | VentureBeat | Transportation | by Reuters

Above: Bollywood actor Shah Rukh Khan poses with Hyundai’s “i 10 electric” car at India’s Auto Expo in New Delhi January 6, 2010.

Image Credit: Reuters / Adnan Abidi / File Photo

(Reuters) — India’s most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signalling a dramatic shift in policy in one of the world’s fastest growing auto markets.

A draft of the 90-page blueprint, seen by Reuters, also suggests the government opens a battery plant by the end of 2018 and uses tax revenues from the sale of petrol and diesel vehicles to set up charging stations for electric vehicles

https://venturebeat.com/2017/05/08/india-plans-to-prioritize-electric-vehicles-over-hybrids/

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