Pre Budget Quote on behalf of Mr. Veer Singh, CEO, Lord’s Automative Pvt. Ltd.

Published By APN News
Dr. Veer Singh, CEO of Lords Automative Pvt. Ltd.

“The transition to green mobility is likely to be further expedited for India by the 2025 budget, setting a target to achieve 30 percent penetration of electric vehicles in the total automobile sales by 2030. Such penetration  would certainly be possible in the country as India is more price-sensitive compared to other places.

More efforts need to be made in building a robust battery infrastructure, such as charging stations and battery recycling facilities, to boost consumer confidence. The budget should also include state-level incentives such as remission of registration fees for two-wheelers and three-wheelers in addition to subsidies to make EVs more widely available.

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