<h1>Indian EV Companies to Forgo Subsidies Post Current Regime; Industry Confident in Self-Sustaining Future.</h1> Electric vehicle (EV) companies in India have agreed to forgo subsidies once the current subsidy regime ends, according to Commerce and Industry Minister Piyush Goyal. During discussions with stakeholders, it was highlighted that the EV sector can sustain itself without further subsidies. The government has introduced policies to attract global EV manufacturers and plans to establish extensive charging infrastructure. The FAME-II scheme and PM E-DRIVE initiative support EV adoption, while production-linked incentives are offered for manufacturing. The industry is encouraged to develop charging infrastructure and increase public awareness about EV benefits. Companies are free to choose their business models, including battery swapping options.