Does the Reva E2O need better government support and incentives to succeed?
When electric vehicles in India were still in their infancy, government policies were still in the making, and the Reva E2O was launched. Whereas today EVs are provided with tax benefits, subsidies and infrastructure support, the E2O was launched in a market bereft of these incentives. With more government support - purchase subsidies, tax breaks, mandated charging infrastructure - many argue that the E2O could have made it past its high price and limited range. Some think that the technology was not yet mature enough even with policy support. What impact could robust government incentives have had to the E2O's market performance? Would other limitations of the vehicle have been overcome by this?
Absolutely! Take a look at how EVs are booming now with FAME II subsidies. The E2O could have been way more affordable, if it had gotten the same support. Reva was not supported by the government to play the ball.
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Does the Reva E2O need better government support and incentives to succeed?
31 December 2024 10:36
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