The government of India has approved a subsidy scheme for electric cars and hybrid cars for 1 billion 400 million dollars. According to Reuters, the decision was made by the Indian authorities to strengthen the fight against environmental pollution. In addition, this step will help reduce the country’s dependence on fossil fuels. The government will provide subsidies only for the purchase of vehicles that use batteries developed on the basis of new technologies. The cost of such machines should be less than 1.5 million rupees. The authorities intend to spend 100 billion rupees on grants over the next 3 years. According to the plans of the Indian government, over the 5 years, the share of electric vehicles in the total sales in the country should reach 15%.
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