Union Budget 2025: EV industry roars on Li-ion’s share of exemptions – The Times of India
The push for lithium-ion batteries could make electric vehicles more affordable and drive manufacturing and sales of EVs.EV and battery manufacturers said the exemption of lithium-ion batteries, motors, controllers, and essential materials such as cobalt powder and zinc from the capital goods list will accelerate deeper backward integration by TN’s EV cos and encourage more…