Tesla is keen to test India’s market for its premium electric vehicles (EVs) with imports before it puts up a plant in the country. As its chief, Elon Musk, tweeted, India’s import duties are the “highest in the world by far of any large country" and “clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India". While we do have policy incentives for EVs, Tesla seems unsure if it would be able to sell a sufficient number of cars here and keep costs in India low enough for exports. Even otherwise, its duty proposal should be taken seriously by our policymakers. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint July 25, 2021 16:07 UTC