Budget boost to electric vehicles will not fix auto sector’s problems2 min read . Updated: 07 Jul 2019, 09:52 PM IST
- Sops in the budget will narrow the gap in ownership cost of EVs vis-à-vis petrol-, diesel-powered cars
- The nudge comes at a time when many vehicle makers are set to hit the market with electric vehicles
Concessions in the Union Budget 2019 to push electric vehicles (EVs) to the fast lane were a bolt from the blue. Neither the industry nor analysts expected a battery of concessions to make EV ownership more viable.
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