Business

Govt needs to incentivise buying e-vehicles, says Anand Mahindra

| | New York

The Government needs to incentivise buying electric vehicles in order to bring down the cost and thus push their sales in the country, according to leading industrialist Anand Mahindra.

In an interview with the news agency here, Mahindra said that due to very high battery cost, there is still reluctance on the part of consumers to go for electric cars.

“And therefore, the government in order to create the push, does need to create incentives whether they come through Central or the state governments, in order to provide a lower sticker price for cars,” the Mahindra Group chairman said.

The incentive could be in the form of reduction in road taxes or subsidies in insurance, he added.

“It 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 what is happening simultaneously is that battery prices are also coming down dramatically,” he said.

 
 
 
 
 

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