https://www.taxtmi.com/news?id=45017 Purchase subsidies and incentives under FAME-II and Production Linked Incentives raised absolute EV sales, with states offering additional support showing materially higher sales across segments. Despite this, EV market share remained low-E2W around 4% and private four-wheelers about 2%-due to high costs, battery and charging shortages, and unclear national targets. The study recommends continuing phased subsidies, investing in reliable public charging infrastructure, and implementing tailored, segment-specific measures like strengthened financing, local manufacturing and urban integration to achieve sustained adoption. en-us Wed, 28 May 2025 21:01:05 +0530 Wed, 28 May 2025 21:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45017 Purchase subsidies and incentives under FAME-II and Production Linked Incentives raised absolute EV sales, with states offering additional support showing materially higher sales across segments. Despite this, EV market share remained low-E2W around 4% and private four-wheelers about 2%-due to high costs, battery and charging shortages, and unclear national targets. The study recommends continuing phased subsidies, investing in reliable public charging infrastructure, and implementing tailored, segment-specific measures like strengthened financing, local manufacturing and urban integration to achieve sustained adoption. News - Wed, 28 May 2025 21:01:05 +0530 https://www.taxtmi.com/news?id=45017