Market projections for electric vehicle growth in India are ambitious but uncertain. In addition, the passenger car CO2 standards enforced in India are amongst the most lenient, and the super-credit multipliers available for electric vehicles are more generous compared to global practices.

Analyzes the various fiscal incentive mechanisms available in India at a national and state level for hybrid and electric vehicles, and evaluates the relative contribution of such incentives in making these technologies cost-competitive in the Indian market, particularly in context to the central government’s flagship scheme, Faster Adoption and