{"id":21,"date":"2024-03-20T06:18:13","date_gmt":"2024-03-20T06:18:13","guid":{"rendered":"https:\/\/raazkumar.com\/bikes\/?p=21"},"modified":"2024-05-19T05:13:37","modified_gmt":"2024-05-19T05:13:37","slug":"electric-vehicle-policy-india","status":"publish","type":"post","link":"https:\/\/in.rajuginni.com\/bikes\/electric-bike\/electric-vehicle-policy-india\/","title":{"rendered":"electric vehicle policy india"},"content":{"rendered":"<p>The policy will see <strong>import duty cut by up to 75%<\/strong>. The new policy requires EV companies to<strong> invest a minimum of \u20b94,150 crore and the companies must also set up a production facility within three years.<\/strong><\/p>\n<p>the policy permits EV makers to <strong>import a maximum of 8,000 electric vehicles into India annually.<\/strong> However, they <strong>must utilize at least 35% of components from local markets for car production.<\/strong> Additionally, these manufacturers are<strong> required to achieve a 50% Domestic Value Addition (DVA) within five years.<\/strong><\/p>\n<p><strong>reduced import duty of 15% on electric vehicles<\/strong> priced at or below $35,000 (approximately \u20b929 lakh). Currently, the Indian government imposes an <strong>import tax ranging from 70% to 100% on electric cars<\/strong> brought into the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The policy will see import duty cut by up to 75%. The new policy requires EV companies to invest a minimum of \u20b94,150 crore and the companies must also set up a production facility within three years. the policy permits EV makers to import a maximum of 8,000 electric vehicles into India annually. However, they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","category-electric-bike","entry"],"_links":{"self":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":1,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"predecessor-version":[{"id":22,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/posts\/21\/revisions\/22"}],"wp:attachment":[{"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in.rajuginni.com\/bikes\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}