Incentives offered by Government on Electric vehicles

Incentives offered by Government on Electric vehicles:- Popularity of electric vehicles has been increasing in India from past 2 years due to increased government focus towards electric vehicles in order to reduce the increasing pollution level in India. As per ANI data on 3 rd August 2022 no. of registered electric vehicles in India are 13, 92,265 which is as per data obtained from Ministry of road transport and highways. There is more than 3 times increase in sale in FY 2021-22 in comparison to FY 2020-21 when sale was 1,34,460 nos. There are varieties of schemes under Production linked incentive and other benefits have been offered by government in order to boost production of electric vehicles. Few of them are as below:- (i) On 12 th May 2021 government has started PLI scheme for companies for manufacturing of ACC called as advanced chemistry cells in County...