Govt apathy takes the charge off electric vehicle makers

The electric vehicle industry, which started indigenisation in a big way four years back, is virtually bleeding and some organised players are also on the verge of shutting shops as they continue to sell their e-bikes at lower rate, courtesy no support from the government. While in India there is reduced VAT rates in some states to promote the use of electric vehicles, over 10 countries in Europe along with Japan and Singapore offer government subsidies ranging from 15-50% and lower insurance rates as well as free charging facilities to encourage the use of e-bikes as against conventional gasoline vehicles. ...

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