India will need to focus on the indigenisation of technology and raw materials as an “urgent task” to achieve the transition to electric mobility, even as the global automobile industry looks to reduce its dependence on China, the Economic Survey said. Economic Survey 2024-25 LIVE updates “Import intensity of E-Vehicle production — especially from countries with whom India has persistent …
NEW DELHI: The electric mobility sector doesn’t need additional incentives as existing subsidies available to them are good enough to give necessary kickstart to the sector, commerce and industry minister Piyush Goyal said after meeting the stakeholders here on Friday. It’s a good economic case to move from ICE engine to EVs and hybrids,” the minister told the media. “Everybody …
The spat over EVs is part of a wider trade dispute over Chinese state support for green technologies. The European Union will hike tariffs on Chinese electric vehicles on July 4, unless Beijing fail to agree a “solution” to subsidies that the bloc says are distorting its markets. The commission believes Chinese-built EVs are 20 percent cheaper than their European …
JIN DING/CHINA DAILY During the past weeks, giant ships carrying thousands of Chinese electric vehicles landing in Europe have created angst among the top European Union policymakers and automobile manufacturers. With the rising "alarm", the European Commission Directorate-General for Competition is preparing to launch an investigation into Chinese EVs as part of a probe into state subsidies prohibited by the …
