Revving Up the Future: How Union Budget 2025 is Accelerating India's EV Revolution
February 9, 2025
The Union Budget 2025 has introduced a game-changing policy to make electric vehicles (EVs) more affordable in India. By fully exempting Basic Customs Duty (BCD) on essential materials like cobalt, lithium-ion battery scrap, and other critical minerals, the government aims to reduce manufacturing costs, boost EV adoption, and position India as a global leader in sustainable transportation. Dive into the details of this transformative initiative and its far-reaching implications for consumers, manufacturers, and the environment.
