scorecardresearch

Data Drive: The incentives push to EVs

India offers a demand incentive of 16% of the average selling price for Tata Nexon EV, which is the best-selling electric car in India, according to a Goldman Sachs report.

Data Drive: The incentives push to EVs

In the last one year, electric car registrations in India have quadrupled to around 3,000 a month. Globally, demand incentives have helped push sales of electric vehicles (EVs).

India offers a demand incentive of 16% of the average selling price for Tata Nexon EV, which is the best-selling electric car in India, according to a Goldman Sachs report.

China has been incentivising the transition to electric vehicles for nearly 15 years now, and that has helped it achieve a lead in pure battery EV sales.

The demand incentive is now being gradually scaled down.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.