Three proposals, three policy responses in India’s EV push

News Snapshot:

Over the past year, three of the world’s top electric carmakers have announced their India entry plans. The policy response of the Indian government has been different in each case: potential tweaks in tax norms to accommodate the American company Tesla; clear disincentives for China’s BYD; routing of the proposal through the regular dispensation for VinFast of Vietnam, which now seeks sops on a par with the package being worked out for Tesla. India is pushing for rapid adoption of electric vehicles, with a focus on replacing petrol/ diesel vehicles with battery EVs. Here is how the three proposals have...