Parliamentary panel for more subsidy, GST cut to up EV adoption, Auto News, ET Auto

“EV has three vital parts – Batteries, Motor and energy electronics. All these are excessive funding merchandise. As well as, components akin to PCB, LCD/LEDs, Capacitors, Resistors, Diodes, Switches, Transistors, Connectors, Relays proceed to be imported from china, Taiwan and South Korea. Ninety per cent of the world’s manufacturing of superior Chemistry Cell (ACC) is completed in China,” stated the panel.