February 1, 2025, was a day of high anticipation for the nation. From facing criticism over tax measures in the past, Finance Minister Nirmala Sitharaman has now emerged as a visionary leader with Budget 2025, delivering much-needed reforms. While the increase in income tax exemption up to ₹12 lakh and the emphasis on public sectors took center stage, the EV ecosystem received a game-changing boost—electric mobility funding has surged by over 20%, reaching ₹5,322 crore. This move strengthens India’s goal of 30% EV adoption by 2030 and self-reliance in EV technology by 2047, tackling transport emissions head-on. For those of us in the EV industry—charging infrastructure providers, electric vehicle manufacturers, and battery firms—this journey began with a shared vision: making the Indian EV Dream 2030 a reality. There were moments when policy uncertainties tested our belief, but this Union Budget is a strong assurance that clean air, green energy, and a sustainable future are national priorities. It also reinforces India’s commitment to localization, reducing dependency on China, and building a self-sufficient EV industry.
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