Industry consultants believe prioritizing EV know-how over hybrids aligns with the aim of achieving carbon-neutral transport. The domestic automotive trade has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion by 2047, driven by electrical vehicles , in accordance with business leaders. The European Union is about to lower proposed tariffs on Tesla and different electric vehicles from China, lowering Tesla’s rate to simply under 8% from 9%. Last month, the EU had already decreased its deliberate extra tariff on Tesla EVs from an initially indicated 20.8% to 9%. They’ve been around …

Industry consultants believe prioritizing EV know-how over hybrids aligns with the aim of achieving carbon-neutral transport. The domestic automotive trade has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion by 2047, driven by electrical vehicles , in accordance with business leaders. The European Union is about to lower proposed tariffs on Tesla and different electric vehicles from China, lowering Tesla’s rate to simply under 8% from 9%. Last month, the EU had already decreased its deliberate extra tariff on Tesla EVs from an initially indicated 20.8% to 9%. They’ve been around …