Overview

• The government is set to clarify that electric vehicles will be exempt from the 15-year end-of-life regulation to encourage longer use.
• The power ministry plans to extend Corporate Average Fuel Efficiency standards to urban freight vehicles, buses and trucks.
• Officials agreed to shift from purchase incentives to mandate-based adoption strategies targeting saturation in five key cities for buses, para-transit and urban freight EVs.
• Ministers backed rapid expansion of charging infrastructure and the deployment of fast chargers alongside efforts to standardize battery technologies and reduce import dependence.
• The finance ministry has engaged major banks to improve loan terms, promote battery standardization and offer incentives for battery replacements to lower ownership costs.