EV sales face speed bumps as four key states exhaust subsidies
Some of the country’s largest electric car markets, including Maharashtra, Uttar Pradesh, Rajasthan, and Tamil Nadu, have seen their purchase subsidies for consumers end, which is expected to raise overall cost of such vehicles. The subsidies expired because these states reached their pre-set targets for the number of vehicles eligible for direct purchase support. While many of these states still offer exemptions on road and registration taxes, the loss of direct subsidies is expected to drive up the total cost of ownership.
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