India’s Strategic Shift: Exempting EVs from 15-Year EoL Norms to Accelerate Adoption

The Indian government is considering exempting electric vehicles (EVs) from the 15-year ‘end of life’ regulation to boost adoption rates. Discussions led by NITI Aayog’s Rajiv Gauba highlighted slow EV penetration, with adoption at 7.8% in 2024 versus a 30% target by 2030. The finance ministry is engaging banks to address financing challenges, while extending CAFE norms to urban freight vehicles aims to bolster the EV ecosystem.