 "Cutting the cost of batteries is arguably the industry’s most urgent challenge. They account for a huge chunk of the cost of an electric car—between 35% and 45%, according to McKinsey")
West Bengal finance minister Amit Mitra on said on Wednesday that the move towards rolling out electric vehicles (EV) in the country needs to be done in a calibrated manner, while lowering existing GST rates on BS VI-complaint and hybrid vehicles.
Mitra said that instead of giving a sudden push to EVs, the Centre should focus on the entire eco-system of the automobile industry and implement a sustainable transition in adoption of EVs, without loss in employment or setback to the auto sector. He added that support needs to be extended to the traditional industry to move towards better emission
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