Electric vehicle: An important statement in the budget .. No other electric vehicle!
In 2025, Finance Minister Nirmala Sitarman made an important statement about electric vehicles. Nirmala Sitarman has proposed to reduce the basic customs duty (BCD) on major minerals required for the manufacture of electric vehicle batteries. With this decision, electric vehicles are likely to be even cheaper. The government wants to increase sales of electric vehicles by 2030.
To promote domestic construction of electric vehicles, cobalt powder, lithium-ion battery waste, scrap, lead, zinc and twelve major minerals have been introduced, including full discounts from basic customs.
The government wants to reduce import tariffs on essential battery production equipment. The government is targeting to reduce the cost of these batteries to make electric vehicles more cheaper. With the fall in operational costs, the battery industry in India is likely to expand. The latest decision in the budget also increases domestic production capabilities.
Electric vehicles will be cheap by promoting the battery industry locally. The cost of industries dependent on materials used in the manufacture of electric vehicles will be reduced. Eve batteries are cheaper with the central government’s decision. This reduces production costs.
Decrease in customs duty on lithium-ion batteries is the key to strengthening India’s EV system. Companies can now import battery production machines and equipment without additional duty due to tariffs on 28 items used in the production of this battery and 28 items for mobile phone batteries. This perspective is expected to promote major companies to expand its manufacturing works in India.
Eve battery can be found at cheap prices with the latest decision declared in the budget. Electric vehicles are cheap for users. Low production costs increase domestic manufacturing. Make jobs. India’s dependence on imports from countries like China will be reduced.