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Budget expectations of Automobile sector UPSC NOTE

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  For long-term success of electrification of automobiles, one of the big factors that helps, is the reduced duty structure that enables to ...

 

  • For long-term success of electrification of automobiles, one of the big factors that helps, is the reduced duty structure that enables to price Electric Vehicles (EVs) close to Internal Combustion Engines (ICE) cars.

  • Expectation is that government comes out with a clear policy roadmap and gives a statement the tax incentives will continue for next 8 to 10 years

  • This will give confidence to customers to get into EVs and OEMs (Original equipment manufacturer) to invest more when it comes to electrification. 

  • For charging infrastructure, the onus is on Charging Point Operators (CPOs) to set up the desired network to democratise chargers. 

  • Today, we find a lot of CPOs are not opening up their APIs so the customers need to download multiple apps to charge their cars.

  • To address this, the government can come with a common platform for all CPOs to list, so that customers have the ease of payment like UPI to transact when it comes to charging EVs

  • Though lower taxes are always welcome, we also need to be pragmatic considering the current economic as well as political compulsions. 

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Budget expectations of Automobile sector UPSC NOTE
Budget expectations of Automobile sector UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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