Anand Mahindra Calls For E-Vehicle Sops
The government needs to incentivise buying electric vehicles (e-vehicles) in order to bring down the cost and thus push their sales in the country, according to leading industrialist Anand Mahindra. The Mahindra Group Chairman points out that there is still reluctance on the part of consumers to go for electric cars as a result of very high battery cost.
"In order to create the push, the government, therefore, does need to create incentives, whether they come through the Central or the State governments, to provide a lower sticker price for cars," adds Mr Mahindra. He further adds: "The incentives could be by lowering taxes of other kinds, but you do need some incentive to lower the upfront price. This can be transitioned down because battery prices are also coming down dramatically."
Mahindra Group Chairman Anand Mahindra