CAUSE
One question. One truth.
“Why are electric cars expensive in India?”
Electric car costs in India are high because 70-80% of operating expenses for EV manufacturing plants are from battery packs, which are mostly imported from China and subject to import duties.
Medium confidenceStructural
CURRENT STATE
Despite a concessional 5% GST and the PM E-DRIVE scheme, reliance on imported batteries inflates EV prices. High import duties on luxury EVs further limit price reductions.
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