IISD in the news

Subsidies for EVs in India increased 160%, reached record high of Rs 2,358 crore in FY22: IISD report

A recent study conducted by the International Institute for Sustainable Development (IISD) shows that subsidies for renewable energy and electric vehicles have more than doubled in FY22 at Rs 2,358 crore, when compared to FY21. The rise in EV subsidies is being attributed to growing stability in policies, post-COVID economic resurgence and the increased uptake of EVs that has encouraged growing subsidies on such vehicles.

December 20, 2022

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