India to stop subsidizing mediocre EV firms

The Indian government will stop subsidizing electric vehicle companies that have received complaints,

The government may also seek reimbursement from some of these firms.

The Indian government has established an industry mandate to encourage all manufacturers to switch to producing and marketing all two-wheelers as electric cars by 2030 after realizing the size and potential of the market.

Two and three-wheelers in India are leading the Indian EV revolution.

Many last-mile delivery companies are switching to EVs as their primary commercial vehicle as a result of the recent explosion in the price of gasoline and diesel. In the EV industry, fleet aggregators have emerged as significant participants, driving hundreds of freight vehicles for last-mile delivery.